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.