Boulder County Real Estate Sales Statistics May 2016

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2016 Neil Kearney, Kearney Realty Co.

Total sales in May were down

9% from last year. For the first

five months of the year sales are down 11%.

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 May.

Overall the market activity has been a bit lower than the

past few years. Fewer listings on

the market. End of May inventory is

down 45% from two years ago.

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 May, sales are

down 11% from 2015.

My View of the Market Inventory is still very low. In the lower end of the

market price range the competition between buyers for available homes is especially strong.

As a result of the low inventory and a bit of a slow start sales are down 11% compared to the first quarter last year.

Prices are rising rapidly. It seems that if sellers overprice their home they

risk being on the market for a long time. Buyers tend to move on.

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.