2. Copyright 2018 Neil Kearney, Kearney Realty Co.
Cumulative Sales for the
year are down 4.35% when
compared with 2017 and
sales in March alone are
down 9% over the previous
year.
3. Copyright 2018 Neil Kearney, Kearney Realty Co.
You can see that inventory in the first
two months of 2018 has been
significantly lower than in 2017 and
more in line with 2016’s numbers. It
will be interesting to see if this trend
continues further into the year.
4. Copyright 2018 Neil Kearney, Kearney Realty Co.
Just under 50% of the active single
family home listings were under
contract at the end of February.
5. Copyright 2018 Neil Kearney, Kearney Realty Co.
The red line shows new listings to
the market in Boulder County on a
weekly basis for 2018. Even though
the number of new listings to come
on the market is similar to previous
years it hasn’t been enough and our
inventory is down.
6. Copyright 2018 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties
going under contract each week. Looking at the
red line you can see that apart from a small dip
in February properties going under contract
have stayed roughly consistent with previous
years.
7. Copyright 2018 Neil Kearney, Kearney Realty Co.
This chart shows the closings in
Boulder County on a weekly basis. The
pattern this year is not dissimilar to
past years.
8. Sales are down roughly 4% through the first three months of the
year. To me the market demand seems strong enough, but the low
inventory has reduced the possibilities of a buyer finding the right
house.
The strength of the market definitely depends upon the price of the
home. Here is a quick indication of the strength of the market by
price range:
Price Range Active Listings Under Contract
Under $1 Million 376 424 (53%)
$1 - $2 Million 121 69 (38%)
Over $2 Million 79 17 (18%)