The real estate market in Boulder County saw an increase in home sales in July compared to the previous year, though inventory levels remained higher. There were more homes on the market than in recent years, giving buyers more options but also softening prices as seen by an increase in price reductions. New listings and home contracts were similar to a year ago but lower than previous years, while annual sales were up 2% according to closing numbers. The author notes that late summer is typically slower but the market may surge again after Labor Day.

1. Boulder County Real Estate Statistics
July 2019

2. Copyright 2019 Neil Kearney, Kearney Realty Co.
The number of sales in July
rebounded and was up by 15%
compared to the same month
last year. YTD sales have
increased by 2% over 2018.

3. Copyright 2019 Neil Kearney, Kearney Realty Co.
The inventory of listings
continues to be higher than it
was a year ago.

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 July there were
more homes available on the market than at anytime
since 2014. Buyers have more choices to choose from
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
softening market.

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
the number of new listings has been
tracking past years very closely.

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 July was similar to a year ago but
lower than the three previous years

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 2%.

9. Late summer is a slow time of year. Kids are just starting
school and therefore families who wanted to move before
school started are all in place. Often we see a surge in
the market after Labor Day. Since we are seeing volatility
in the sales numbers, it’s hard to put too much weight into
any individual month. We are continuing to see houses
stay on the market longer and fewer active buyers looking
at homes. This mirrors a national trend.
My view of the Market
Copyright 2019 Neil Kearney, Kearney Realty Co.

10. Copyright 2019 Neil Kearney, Kearney Realty Co.