Locally, our Boulder realtor team is reporting super low inventory in Boulder and Boulder County. Sellers, now is your time to capture market gains!
Nationally, we’ve had 19% year-over-year price appreciation according to Core Logic, with a slowing predicted by 2023.
Local Market Update – Boulder County
Boulder real estate agents had 62 new listings come to market last week, vs 91 in 2018, 95 in 2019, 80 in 2020, and 88 in 2021.
58 properties went under contract, in contrast with 83 in 2018, 85 in 2019, 75 in 2020, and 83 in 2021.
We had 1.72 months supply of inventory, in comparison with 2018’s 1.38, 2019’s 1.64, 2020’s 108, and 2021’s 1.07 MSI.
Let’s look at inventory from one more perspective.
What is our total single family home inventory?
Activity By Price Band – Boulder County
Activity in the upper end of the market was light last week, especially in the $2-2.5mm range. The lower end of the market saw pretty balanced ratios of inventory coming to market and going under contract.
Nationally, we’ve had 19.1% appreciation in year-over-year real estate prices according to the Core Logic Home Price Index. That is the highest appreciation seen since they began publishing this data in 1976.
Core Logic calls for a deceleration of price gains throughout the year, though they’re projecting above 10% for the first seven months of 2022. Home price gains are projected to slow to a 3.8% annual increase by January 2023.
Click anywhere below to check out the Burgess Group Boulder realtor team’s current exclusive listings.