In August 2019, Boulder County experienced a 2.8% decline in sales compared to the previous year, although year-to-date sales increased by 1.8%. The inventory of active homes on the market is the highest since 2014, providing buyers with more choices, which has created a more competitive market. Sellers are facing challenges as high levels of price reductions and increased inventory mean homes must be competitively priced and in good condition to sell.

1. Boulder County Real Estate Statistics
August 2019

2. Copyright 2019 Neil Kearney, Kearney Realty Co.
The number of sales in August
was down by 2.8% compared to
the same month last year. YTD
sales are up by 1.8% over 2018.

3. Copyright 2019 Neil Kearney, Kearney Realty Co.
The inventory of listings
continues to be higher than it
has been over the last five
years.

4. Copyright 2019 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 August there
were more homes available on the market than at
anytime since 2014. Buyers have more choices in the
market and that changes the market dynamic
significantly.

5. Copyright 2019 Neil Kearney, Kearney Realty Co.
The high number of price reductions we have seen in the
market are indicative of a more challenging market for
sellers. Homes are still selling at a similar pace but there
are more homes to choose from and therefore some
houses are staying on the market for extended periods.

6. Copyright 2019 Neil Kearney, Kearney Realty Co.
The red line shows new listings to the
market in Boulder County so far this year
on a weekly basis. Over the last month
we have seen steady listings coming on
the market.

7. Copyright 2019 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties going under
contract each week throughout the year. The red line shows
that the activity level in August was up and down. Big swings
week to week.

8. Copyright 2019 Neil Kearney, Kearney Realty Co.
This graph shows the number of closings on a
weekly basis. For the year sales are up 1.8%.

9. Much has been said about a slowing market. I think a better
characterization would be a more competitive market. For the year
sales are up 1.8% over last year but there are definitely differences in
how the market feels this year compared to the last few years. Rising
inventory gives the buyers a little more power. When there are just a
few homes on the market the decision becomes binary; “should be
buy it or not”. With more to choose from it’s easier for a buyer to to
see 10 listings eliminate 7 from the running and then choose among
the top three. Sellers need to realize that if their property isn’t
competitive on price and condition it is realistic that their house won’t
make the cut every time.
My view of the Market
Copyright 2019 Neil Kearney, Kearney Realty Co.

10. Copyright 2019 Neil Kearney, Kearney Realty Co.