Boulder County Real Estate Sales Statistics October 2016

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2016 Neil Kearney, Kearney Realty Co.

Total sales in October were

down 12% from last year. Sales are down 10%

through the first 10 months of the

year.

Inventory has stopped rising but it is still much lower than traditional levels.

47% of the active listings were under contract at the end

of October. This statistic peaked in

May at around 55%.

Overall the market activity has been a bit lower than the

past few years however the pace of slowing has eased.

Some of this may be re-listing of homes that haven’t sold

This chart shows the number of

properties going under contract

each week. There has been less

activity this fall than last year.

Through the end of October sales are down 10% from 2015 and down 3.5% from 2014.

Prices have been consistently rising over the past five years.

However, it seems that the upward pressure has eased a bit

since June.

Presented here are the number of price

reductions made each week over the past four years. When houses are

selling fast there are fewer price reductions. This years pattern has

followed last years pretty closely.

My View of the MarketThe market has slowed – houses are staying on

the market longer, there are more price reductions and fewer properties going on the

market. However, nice properties in good shape are still getting multiple offers. This is typically the time of year when we see market activity slow down. However, with the recent

election and good weather we may see a different outcome.

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.