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.
Jennifer Gilligan Presents: The 6 Most Breathtaking Road Bike Routes in Boulder
Boulder County has so many amazing types of bike rides to enjoy. It’s one of the best things about living here!
Our very own Boulder Realtor Jennifer Gilligan is an avid biker. If you’re a cyclist, there’s a good chance you’ve seen her on one of Boulder’s local rides.
Jennifer loves the challenge of a good, slow, steady mountain climb.
She
helped us compile a list of the best, most scenic road biking routes in Boulder.
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.
