Real estate sales in Boulder County are down 4.1% for the year so far compared to 2017. Inventory has increased slightly in recent months but remains lower than a year ago. The percentage of properties under contract has returned to around 45%, similar to levels from 2017. New property listings and contracts are trending similarly to past years. Sales are down 4% for the first half of 2018 and multiple offers on properties now typically include two bidders rather than five. Months of inventory vary by price range from 2.6 for properties under $500k to over 25 months for those over $3 million.

2. Copyright 2018 Neil Kearney, Kearney Realty Co.
Cumulative Sales for the
year are down 4.1% when
compared with 2017 and
sales in May alone are
down 4.3% over the
previous year.

3. Copyright 2018 Neil Kearney, Kearney Realty Co.
Inventory has increased over the past
few months but it is still lower than a
year ago and much lower than in
2014.

4. Copyright 2018 Neil Kearney, Kearney Realty Co.
The percentage of properties that are
under contract has fallen back to
around 45%. Similar to where we
were a year ago.

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. We are
seeing trends in this category that
are similar to past years.

6. Copyright 2018 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties
going under contract each week. Looking at the
red line you can see that apart from a small dip
in February properties going under contract
have stayed roughly consistent with previous
years.

7. Copyright 2018 Neil Kearney, Kearney Realty Co.
Cumulative yearly sales for the first 24 weeks of
2018 are down 4.1% over 2017 and
coincidentally the same amount from 2016.

8. This spring the market has again been strong. In many ways it was similar to
the past few years. 37% of sales during the first five months of the year
resulted in a price above the list price with an average premium of 3.68% for
those that did sell above list price. Last year that number was was similar.
Sales are down roughly 4%for the year and from my experience in the market
representing both buyers and sellers is that there have been fewer bidders in
multiple offer situations. More like two rather than five.
Here are the current months of inventory by price range:
$0- $500k – 2.6 months
$500k - $1M – 4.2 months
$1M - $1.5M – 6.8 months
$1.5M - $2M - 6.7 months
$2M - $2.5M – 5.8 months
$2.5M - $3M – 19.6 months
>$3M - 25 months
A balanced market is 6 months. Anything less is a seller’s market any more is
a buyers market.
My view of the Market

9. Copyright 2018 Neil Kearney, Kearney Realty Co.

10. Copyright 2018 Neil Kearney, Kearney Realty Co.