Boulder, CO real estate statistics for 2012 reveal our improving market - in nearly every important category! Comparing 2011 stats to those recently compiled for 2012 residential properties reflects improving average and median sales prices, an increase in the sales to list price ratio, a decrease in the average marketing time, and several other "vital" statistics that we track using data from IRES.
The one area where we continue to see dramatic decreases is in the inventory level of single-family homes for sale, which is down year over year by 34%. Looking at the following chart of historical inventory levels, you can see that our current level is lower than we've seen in a long time.
This lack of inventory is having an impact on the Boulder County real estate market, and home buyers are finding it a bit frustrating that there may not be dozens of homes in their price range to look at. Coupled with the low mortgage interest rates right now, this has driven down the marketing time and driven up the percentage of the market inventory that's under contract.
If you're interested in buying a Boulder home or if you would like to see current market stats for an area you're interested in, just contact us and we'll be happy to help.
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