In August 2018, Boulder County's cumulative real estate sales are down 2.5% compared to last year, although August sales increased by 3.6%. A declining inventory of available homes over the past five years and a lower percentage of properties under contract indicate a subdued market, despite some price appreciation. The real estate market remains strong but is expected to slow after the summer, with activity typically resuming in the fall.

1. Boulder County Real Estate Statistics
August 2018
Presented by
Neil Kearney
Broker/Owner of Kearney Realty Co.
www.NeilKearney.com

2. Copyright 2018 Neil Kearney, Kearney Realty Co.
Cumulative Sales for the
year through 8 months are
down 2.5% from last year.
Sales in August increased by
3.6% over last August.

3. Copyright 2018 Neil Kearney, Kearney Realty Co.
The inventory of available
homes has been declining
over the last five years. This
year is a continuation of this
trend.

4. Copyright 2018 Neil Kearney, Kearney Realty Co.
The percentage of properties that are
under contract has fallen back to
around 37%. This measure of market
activity and strength has tracked very
closely to last year.

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. The line
basically follows past years. As a
whole it mirrors the shape of the
sales curve.

6. Copyright 2018 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties going under
contract each week throughout the year. The most recent few
weeks are a good indicator of the closings coming in the next
month. It looks like we may ball behind last year a bit more.

7. Copyright 2018 Neil Kearney, Kearney Realty Co.
Cumulative yearly sales for the 8 months of
2018 are down 2.5% over 2017. We have been
within the same pattern for the past three
years. Note the higher end of month spikes in
2015, sales in 2014 through August were
higher by 17%.

8. The real estate market has been fairly strong this year. Not off the charts like
2016 and a bit subdued by the low inventory of available listings, but strong
nonetheless. Sales through August are down 2.5% from a year ago, not
much of a change. However, we are seeing fewer listings, fewer multiple
offer situations and more listings staying on the market longer. These are the
bigger story. When you compare YTD sales to 2015 we are behind by 17%.
If you look at the inventory numbers from 2015 you will see that they are
much higher than now. More listings mean choices for buyers and end up in
more transactions. Fewer listings in a strong market almost guarantee high
appreciation. And we continue to see prices rise, although that seems to be
at a slowing pace.
As always, this time of year is an important one. It is common that after the
spring surge of activity that there is a summer slow down. We usually see the
market pick up again in the fall. And we usually see that happen right after
Labor Day. Let’s see what happens.
My view of the Market

9. Copyright 2018 Neil Kearney, Kearney Realty Co.

10. Copyright 2018 Neil Kearney, Kearney Realty Co.