Boulder Real Estate News & National Statistics – October 15, 2021

By Catherine Blog, Boulder, Boulder CO, Boulder Real Estate News, Buying, Newsletter October 14, 2021

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Friends,

Boulder real estate agents are thrilled that the local market is continuing to perform well. Nationally, there are signs of cooling.

Quick Market Recap

Looking for the FULL market update and all the usual nerdy details?

Click Image Up There ^ To Enlarge

Local Market Update:

Last week, Boulder realtors at Burgess Group reported 95 new listings, vs 70 in 2018, 75 in 2019, 71 in 2020.

Under-contracts were up at 100. Contrast this with 93 in 2018, 79 in 2019, and 107 in 2020.

Last week we had 1.16 months supply of inventory, vs 1.30 MSI in 2018, 1.25 MSI in 2019, and 1.09 MSI in 2020.

Price changes are a coincident indicator, reflecting seller mindset. Despite some cooling trends nationally and locally, sellers last week hung tough with their pricing. There were 32 price changes last week, vs 77 in 2018, 94 in 2019, and 51 in 2020.

Activity By Price Band:

There was a 340% sell-through rate in 0-$500k last week, a 50% in $2-2.5mm, and balanced in the rest of the market.

National News: Important Headlines

Sellers Push Asking Prices Up 12% to All-Time High

Nationally, in the four-week period prior to September 26th, sellers demonstrated their optimism through increasing asking prices up 12% year-over-year.

There has been some seasonal or overall cooling, with sales being up only 4%, the smallest year-over-year increase since June of 2020; fewer than half of homes selling above listing price; and new listings being down 20% from their 2021 high.

The Fed and mortgage markets have been signaling that rates are anticipated to rise.

The seasonal cooling and rising rates will take some affordability out of the equation for buyers.

7 Boulder Resorts for the Ultimate Staycation

Did you know Boulder has been ranked #1 in happiness by National Geographic Magazine?

In fact, when it comes to vacationing, many Boulder residents have no desire to leave their blissful bubble to vacation elsewhere.

The following list, recommended by our team of top Boulder real estate agents, describes seven fantastic Boulder resorts to consider booking for your next staycation.

Read More About Opulent, Luxurious Boulder Resorts HERE On Our Blog

Burgess Group Blog

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

Economic News & Real Estate

Fed says it could begin ‘gradual tapering process’ by mid-November

Lenders Offer More Jumbo Loan Options as Credit Standards Ease Slightly

Serious Mortgage Delinquency Lowest Since May 2020

The Fun Stuff: marvel bloopers to make ur day 🤍 #marvelcast

Catherine Burgess

Realtor
M: 303.506.5669
[email protected]

Realtor
M: 303.301.4718
[email protected]

© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.
All material presented herein is intended for informational purposes only. Information is
compiled from sources deemed reliable but is subject to errors, omissions, changes in price,
condition, sale, or withdrawal without notice. No statement is made as to accuracy of any
description. All measurements and square footages are approximate. This is not intended to
solicit property already listed. Nothing herein shall be construed as legal, accounting or
other professional advice outside the realm of real estate brokerage.

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