In May 2019, Boulder County experienced a 12.6% increase in sales compared to the previous year, with year-to-date sales up 2%. Although the inventory of active listings has risen to its highest level since 2014, not all properties are selling, prompting some sellers to consider price reductions. Overall, the market shows strong sales activity and a positive yet slowing appreciation rate of 6.14% in Boulder County compared to 5.05% nationally.

1. Boulder County Real Estate Statistics
May 2019

2. Copyright 2019 Neil Kearney, Kearney Realty Co.
The number of sales in May
increased by a robust 12.6%
compared to the same month
last year. As a result, YTD sales
are now up 2%.

3. Copyright 2019 Neil Kearney, Kearney Realty Co.
The inventory of listings
continues to increase.
Although, as a result of the
strong sales, the year-over-
year gap tightened.

4. Copyright 2019 Neil Kearney, Kearney Realty Co.
This graph shows the number of active homes on the
market that weren’t already spoken for. At the end
of May the number of active listings was equal to
2014 and higher than any point since then. Strong
sales and a healthy inventory of listings is a good
combination.

5. Copyright 2019 Neil Kearney, Kearney Realty Co.
Even though sales were up in May not all
houses were selling. When a property
doesn’t sell, for whatever reason, a price
reduction is often the best way to
overcome objections and get it sold.

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 May continued to be strong
compared to other years. This is a good indication of what
we might see in terms of closings in June.

8. Copyright 2019 Neil Kearney, Kearney Realty Co.
This graph shows the number of closings on a
weekly basis. For the year we are up 2%. May
was a very strong month for closings in
Boulder County.

9. Copyright 2019 Neil Kearney, Kearney Realty Co.
This graph is derived from national data compiled by the
Federal Government. It compares 1 year appreciation
reported quarterly and compares Boulder County (blue)
to the United States (red). Annual appreciation through
the end of the first quarter was 6.14% in Boulder and
5.05% nationally. Still positive but the rate of
appreciation is slowing.

10. The sales in May surprised me! It was a very strong
month in what seems to be a changing market. On the
street, I’m seeing fewer showings, more price reductions,
longer time on the market and more options for buyers.
On the other hand, we are finally seeing enough active
listings out there to satisfy the buyers who have been
looking for awhile. Some price ranges and areas and
moving more quickly that others. Sellers need to make
sure their expectations are in line with the market so that
their listing doesn’t miss the mark and sit on the market.
My view of the Market
Copyright 2019 Neil Kearney, Kearney Realty Co.

11. Copyright 2019 Neil Kearney, Kearney Realty Co.