Boulder County Real Estate Sales Statistics March 2016

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2016 Neil Kearney, Kearney Realty Co.

Total sales in March were

down 20% from last year. For the

first three months of the year sales are

down 14%.

Inventory has been consistently below past years level. This chart represents all active

listings including those that are under contract. So roughly divide by 2 to get the listings on which you could make an offer.

53% of the active listings were under contract at the end

of March.

Overall the market activity has been a bit lower than the past few years.

Fewer listings for buyers to buy.

This chart shows the number of

properties going under contract each week. We

are currently on the low end of the range for the last

four years.

Through the end of March, sales are down 14% from

2015.

My View of the Market Inventory is slowly rising but overall it isn’t

meeting the high demand of the many buyers looking for a new home.

As a result of the low inventory and a bit of a slow start sales are down 14% compared to the first quarter last year.

Multiple offer situations are very common. One of my buyer clients was one of 29 offers on a townhome in Boulder listed for $389,900.

As a result, prices are rising rapidly.Copyright 2016 Neil Kearney, Kearney Realty Co.

If You Plan To Make a Move Plan to call the area expert.

Copyright 2016 Neil Kearney, Kearney Realty Co.