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Real estate statistics presented by Neil Kearney of Kearney Realty Co. in Boulder Colorado. Sales took a big drop in November. Down 8.4% from last November and down 12% from October. After 21 straight months of increased year-over-year sales we have now had two straight months of decline.
Year-to-date sales are still up 9.6%.
Inventory, or lack thereof, continues to be a challenge. At the end of October there were just 1440 total listings on the market (single family and condos). This is down from 1818 just two months ago.
We are like a two cylinder car running on full capacity, topping out at 45 mph. In order to have the market moving forward in 2014 we need to run on 8 cylinders.