Boulder Real Estate News & National Statistics – November 12, 2021

1️⃣ LOCALLY, new listings, under-contracts, and inventory were in the ballpark of what we’ve seen in the last three years

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2️⃣ NATIONALLY, more movers are single-income households, and 83% of people feel happier after relocating!

 

Boulder real estate agents had 66 new listings come to market last week, vs 63 in 2018, 50 in 2019, and 63 in 2020. 

 

 

We had .79 months supply of inventory, which was significantly lower than 2018 (.97), 2019 (.86), and 2020 (.69). 

 

 

Year-to-date under-contracts show the overall strength of this year’s market, with 4437 in 2021, 3850 in 2018, 4003 in 2019, and 4269 at this time in 2020. 

 

Price change numbers, a coincident indicator showing seller confidence, show a very different seller confidence today vs in the last three years.  Last week there were 22 price changes, with 57 in 2018, 75 in 2019 and 40 in 2020.  Sellers are feeling pretty darn confident right now.

Both $1.5-2mm and 0-$500k had a lot of activity, with 167% and 185% sell through rates respectively.  Above $2mm was quiet, so you should see more inventory/opportunity here.

During the pandemic thousands of people lost their jobs, many parents had to leave the workforce to care for their children, and remote work allowed many people to relocate to more affordable locations.

A lot of the families that were able to move down to one income during the past 18 months have been high earners, who tend to have the flexibility to work remotely.

They relocated to less expensive places such as Atlanta, San Antonio, and Tampa, all locations with median home prices well below the national level.

Click below to check out current exclusive listings from our Boulder real estate agent.

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