In February 2020, Boulder County experienced a 20% increase in real estate sales compared to the previous year, building on a 27% increase from January. The inventory of active homes remained stable, similar to 2017 levels, while new listings showed a healthy supply, resulting in lower price reductions. Looking ahead, the real estate market may face challenges due to external factors, particularly affecting higher-priced properties.

1. Boulder County Real Estate Statistics
February 2020

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. 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. 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. 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. 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. 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. 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. 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. Copyright 2019 Neil Kearney, Kearney Realty Co.