Boulder Real Estate News & National Statistics – October 29, 2021

Our Boulder realtors are reporting that new listings and under-contracts were more in alignment with pre-pandemic levels last week, but inventory was significantly lower than normal. Nationally, 2nd homes are being purchased at a greater rate again and mortgage payments/rents are rising.

Boulder real estate agents had 85 new listings come to market last week, vs 68 in 2018, 90 in 2019, and 118 in 2020. 

We had .89 months supply of inventory, which was significantly lower than 2018 (1.17), 2019 (1.30), and 2020 (1.15). 

Year-to-date under-contracts show the overall strength of this year’s market, with 4272 in 2021, 3706 in 2018, 3876 in 2019, and 4096 at this time in 2020. 

So, every Boulder realtor will have to keep observing to see if our new listings and under- contracts follow the pre-pandemic seasonal decline or if we revert to a more effervescent fall market. 

A lot of new inventory came to market above $2.5mm.  $1.5-2mm had a 200% sell-through rate, and 0-$500k had a 184% sell-through rate, so they may both feel shopped out.

Nationally, average rents went up 11% so far this year, with median monthly mortgage payments up 15% year over year from September of 2020. If mortgages continue to outpace if mortgage increases continue to outpace rent increases, a buy strategy of investment properties may look even smarter.

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