In November 2019, Boulder County real estate sales matched the previous year's figures but fell 18% from the previous month, indicating a market slowdown. Inventory levels were higher than in previous years, with homes staying on the market longer, giving buyers more options, although homes were selling slightly faster compared to last year. Overall, while the year showed an increase in sales by 3.6%, appreciation slowed and competition among buyers decreased.

1. Boulder County Real Estate Statistics
November 2019

2. Copyright 2019 Neil Kearney, Kearney Realty Co.
The number of sales in
November were equal to what
we saw a year ago. Sales were
down 18% from last month.
Sales are up 3.6%.

3. Copyright 2019 Neil Kearney, Kearney Realty Co.
Predictably, inventory falls
this time of year. However,
inventory is still 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 November there were more active listings than at any point
over the last five years. Houses are staying on the market longer and
Buyers have more choices in the market. These two factors have
changed the dynamics of the market 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 more challenging market for sellers. Homes
are still selling at a quicker pace than a year ago but there are
more homes to choose from and therefore some houses are
staying on the market for extended periods.

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. Even though sales are a bit
higher than a year ago, inventory has stayed
high because of the consistent number of
new listings hitting the market.

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 this year. Activity in November was
strong early and then has trailed off.

8. Copyright 2019 Neil Kearney, Kearney Realty Co.
This graph shows the number of closings on a
weekly basis. It’s hard to tell any difference
from past years. For the year sales are up 3.6%.

9. This time of year the market slows down. Some sellers
choose to take their homes off the market for the Holidays
and others delay putting their home on the market until
after the new year. November sales were down nearly
18% from the previous month but were equal to a year
ago. In general, it has been a good year for real estate
sales in Boulder. Appreciation has slowed and we are not
seeing as many showings or multiple offer situations as
we have in past years.
My view of the Market
Copyright 2019 Neil Kearney, Kearney Realty Co.

10. Copyright 2019 Neil Kearney, Kearney Realty Co.