I’m not sure if I like the way this market is headed. So little inventory and still great buyer demand. The percentage of homes under contract is up across the board up to the $1 million price point. Even crazier than what we saw at this time last year.
Available inventory is considerably lower than historical averages and even lower than last year’s historically low inventory numbers. Historically, the inventory will continue to decline through January 2015, and will begin increasing again (hopefully) in February 2015.
Let’s look at specific comparing November 2013 to November 2014 for Single Family Homes
November 2013 November 2014
Boulder 224 146
Denver 10,271 7,372
Broomfield 267 211
Erie 195 175
Lafayette 114 75
Louisville 54 34
Superior 36 25
Suburban Mtns 1008 772
Suburban Plains 287 282
Boulder Single Family Homes
Year-to-Date Comparisons:
- Home sales are down (-12.7%)
- The Days to Offer is Up (+.5%)
- Both the Median Sales Price (+7.9%) and Average Sales Price (+7%) are up from the same time last year
Boulder Attached Dwellings
Year-to-Date Comparisons::
- Home sales are equal
- The Days to Offer is down (-20%)
- Both the Median Sales Price (+5.6%) and Average Sales Price (+2.3%) are up from the same time last year
If you want to know more about sales in your neighborhood or area let me know. The year-end wrap up (coming your way next month) will be an interesting one!