In December 2018, Boulder County real estate sales decreased by 18% compared to the previous year, contributing to a total annual decline of 4.7%. The market weakness is evident as homes remain on the market longer, leading to increased negotiation power for buyers. Despite these challenges, traditional expectations suggest a potential market uptick as spring approaches.

1. Boulder County Real Estate Statistics
December 2018
Presented by
Neil Kearney
Kearney Realty Co.
www.NeilKearney.com

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. 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. 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. 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. 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. 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. 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. 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. Copyright 2018 Neil Kearney, Kearney Realty Co.