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Boulder County Real Estate December 2018 Statistics

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Here are the statistics for December 2018. The statistics presented include trending for five years and include sales, inventory, prices and more. Presented by Neil Kearney of Kearney Realty Co.

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Boulder County Real Estate December 2018 Statistics

  1. 1. Boulder County Real Estate Statistics December 2018 Presented by Neil Kearney Kearney Realty Co. www.NeilKearney.com
  2. 2. Copyright 2018 Neil Kearney, Kearney Realty Co. Cumulative Sales for 2018 were down 4.7% from last year. Sales in December were down by 18% compared to last December.
  3. 3. Copyright 2018 Neil Kearney, Kearney Realty Co. Inventory made its predictable decline during December as Sellers pulled their homes from the market for the holidays.
  4. 4. Copyright 2018 Neil Kearney, Kearney Realty Co. The percentage of the market that is under contract at any given time is a good indication of the strength of the market. A lower percentage, such as we are seeing now, means that houses are staying on the market longer and that buyers have more negotiation strength. This shows the weakness we saw during the 4th quarter.
  5. 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. We are still within a range that is similar to the past few years. This is well below historical averages.
  6. 6. Copyright 2018 Neil Kearney, Kearney Realty Co. This chart shows the number of properties going under contract each week throughout the year. The red line shows the lower activity level in the market over the past four or five months.
  7. 7. Copyright 2018 Neil Kearney, Kearney Realty Co. Cumulative yearly sales for 2018 are down 4.7% from 2017. The fourth quarter was definitely slower than the past few years.
  8. 8. Copyright 2018 Neil Kearney, Kearney Realty Co. The number of price reductions on a weekly basis can also be a good indicator of the strength of the market. If homes are selling quickly they don’t need to adjust their price in order to sell. We have had a spike as the inventory as risen.
  9. 9. December was a very slow month for sales in Boulder County. The autumn market was noticeably slower than past years and the slowdown accelerated in December. It will be interesting if the buyers will re-emerge in the new year. We are moving towards spring which is traditionally the busiest season in our market. Has the market made a turn? Will prices stabilize ending a long period of appreciation? Only time will tell. Have a great 2019! My view of the Market
  10. 10. Copyright 2018 Neil Kearney, Kearney Realty Co.

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