Real estate sales in Boulder County were down 3.7% in October 2017 compared to October 2016. While housing inventory increased in the first half of the year, it has leveled off and declined slightly since June compared to the previous year. Over 40% of single family homes on the market were under contract by the end of October. New housing listings and homes going under contract have followed trends from previous years. Through October, home sales in 2017 were down 6% from 2016 and 16% from 2015.

1. Presented by Neil Kearney, MBA, CRS
303.818.4055
www.NeilKearney.com
Copyright 2017 Neil Kearney, Kearney Realty Co.
Boulder County Real Estate Sales Statistics
October 2017

2. Copyright 2017 Neil Kearney, Kearney Realty Co.
Sales were down 3.7% percent
when compared with October
of 2016

3. Copyright 2017 Neil Kearney, Kearney Realty Co.
Up until June you can see that
Inventory was actually significantly
increasing over the previous two
years. However, since a peak in June
inventory has leveled out and has been
less than last year on a monthly basis.

4. Copyright 2017 Neil Kearney, Kearney Realty Co.
Just over 40% of the active single
family home listings were under
contract at the end of October.
Just over 40% of the active single
family home listings were under
contract at the end of October.

5. Copyright 2017 Neil Kearney, Kearney Realty Co.
The red line shows new listings to
the market in Boulder County on a
weekly basis. You can see over the
past couple of weeks that new
listings have followed the same
general trend of previous years.

6. Copyright 2017 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties
going under contract each week. You can see
activity took a distinct dip in early August but
has been able to quickly recover staying fairly
consistent with past years.

7. Copyright 2017 Neil Kearney, Kearney Realty Co.
Although it doesn’t look too different
from past years, through the end of
October sales are down 6% from 2016
and down 16% from 2015.

8. My View of the Market
Current Trends in the Market:
Although inventory increased during the first half of the year we have
begun to see a normal decrease of inventory since July. It will be
interesting to see if this decrease continues through the Winter following
the same trend we have seen consistently over the past couple years.
With year-to-date sales down 6% from 2016 and 16% from 2015 as well
as an increased number of price reductions and a longer time on market
we have seen a shift to more of a neutral market from the strong sellers
market that Boulder County has experienced in recent years.
With sales down, signifying a decrease in demand, and homes staying
on the market for longer, signifying an increased supply, we have seen
price appreciation begin to slow.
Copyright 2017 Neil Kearney, Kearney Realty Co.

9. Copyright 2017 Neil Kearney, Kearney Realty Co.

10. Copyright 2017 Neil Kearney, Kearney Realty Co.