The Boulder County real estate market is steady-as-she-goes for September, a far cry from the wild swings in temperature September delivered. September statistics show the area’s home sales are slowing as the official “home buying” season comes to a close, but the change in pace is minimal.
Single-family home sales dropped 21 percent for September with 360 homes sold compared to 458 sold last month across Boulder County. Condominium and townhome sales decreased 1.6 percent month-over-month in September 2019 – 127 units vs. 129.
Year-to-date, Boulder-area single-family home sales were virtually unchanged, falling .1 percent through September 2019 compared to the same period last year with 3,530 homes sold compared to 3,534. Condo/townhome sales decreased 2.7 percent over the same period – 1,178 units vs. 1,211.
“The recent designation of Boulder as the most stable market is bearing itself out,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association. “The changes from August to September are normal market swings and the movements are small in almost every indicator category. We see swings, but as a stable market, it gets back on track.”
Boulder was recently named the top metro in the U.S. for home value stability and growth, an achievement it has held for five years running, based on SmartAsset.com’s analysis of 25 years of U.S. housing data.
Hotard says the market stability is both good and bad news, citing predictability as good news and noting challenging issues such as persistently tight inventory as bad news.
Inventory of single-family homes for sale in Boulder County dropped 5.4 percent compared to last month – 1,163 vs. 1,229. Condo/townhome inventory dropped 2.6 percent with 331 units for sale compared to 340.
Meanwhile, prices are easing modestly. The median price of a single-family home is below $900,000.
The Boulder-area’s prices are more challenging for many people and first-time buyers. Hotard notes that while Boulder doesn’t have enough diversity in housing type and prices to meet demand, there are nearby alternatives in Boulder County.
“Folks in this market are extraordinarily fortunate for the communities we live in,” he summarizes.
“It’s a good life here in Boulder County.”
By Tom Kalinski. Tom is the broker/owner of RE/MAX of Boulder, the local residential real estate company he established in 1977. He was inducted into Boulder County’s Business Hall of Fame in 2016 and has a 40-year background in commercial and residential real estate. For questions, e-mail Tom at email@example.com,
call 303.441.5620, or visit boulderco.com.