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Boulder County Real Estate Statistics February 2020

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Here are the latest real estate statistics in Boulder County, Colorado as of the end of February 2020. Presented by Neil Kearney of Kearney Realty Co.

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Boulder County Real Estate Statistics February 2020

  1. 1. Boulder County Real Estate Statistics February 2020
  2. 2. Copyright 2020 Neil Kearney, Kearney Realty Co. Following up a 27% increase in January, sales were up 20% in February when compared to a year ago.
  3. 3. Copyright 2020 Neil Kearney, Kearney Realty Co. The strong early activity in the market has halted the rise in inventory that we had been seeing.
  4. 4. Copyright 2020 Neil Kearney, Kearney Realty Co. This graph shows the number of active homes on the market that are not already spoken for by a buyer at the time of reporting. At the end of February, there were roughly the same number of homes available to purchase than there were in 2017. Lower than 2014 and 2019.
  5. 5. Copyright 2020 Neil Kearney, Kearney Realty Co. Due to the strong sales activity in December, January and February, price reductions are lower than they were a year ago.
  6. 6. Copyright 2020 Neil Kearney, Kearney Realty Co. The red line shows new listings to the market in Boulder County so far in 2020. We are seeing a good supply of new listings to the market so far this year. The market is off to a solid start.
  7. 7. Copyright 2020 Neil Kearney, Kearney Realty Co. This chart shows the number of properties going under contract each week throughout the year. The red line on the left shows that just below 80 homes have gone under contract each week in February.
  8. 8. Copyright 2020 Neil Kearney, Kearney Realty Co. This graph shows the number of closings on a weekly basis. Both January and December were up sharply from a year ago.
  9. 9. The real estate market has been very strong over the last three months. Sales are up double digits from a year ago, inventory is again falling and there have been many multiple offer situations so far this year. Going forward it will be very interesting to see how the worldwide health situation and the stock market drop and volatility will affect the local real estate market. My guess is that higher priced homes will feel a definite slow down and lower price points won’t be as affected. My view of the Market Copyright 2020 Neil Kearney, Kearney Realty Co.
  10. 10. Copyright 2019 Neil Kearney, Kearney Realty Co.

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