Boulder home prices on the rise! We recently posted an article about the improving Boulder real estate market, and a study released yesterday only serves to reinforce those results. Realtor.com tracks 146 metro real estate markets across the country and just published their most recent results entitled, "The Top 10 Metros Where List Prices are Rising the Most", ranking the Boulder area at #8 with an increase of 4.2%. Colorado Springs was the only other Colorado metro that made the list, coming in at #10.
One of the biggest factors influincing our market right now is the relative lack of inventory, which is down some 15% from this time last year - even more than that on a historical basis. Boulder-area home buyers are recognizing the difference and are making offers on inventory that is available. These factors are pushing our prices up and the days on market (marketing time), down.
If you're thinking of buying a Boulder home, the dynamics in the market tight now are much different than last year. The home that you looked at yesterday really might not be available next week when you plan to look at it again. It's also a great time to list your Boulder home if you're considering selling this year.
Search the Boulder MLS using our website and find your new home today! If you have questions or would like more information on the market, please feel free to contact Phil Boren at 720-579-8800.
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