Boulder Inventory Shortage Deepens
by Osman Parvez
Talking to a reporter about the inventory shortage in Boulder, I realized it might be helpful to put together a clearer chart.
The following shows September inventory compared to the long term average for both houses and attached dwellings (condos and town homes). Since it covers 8 years of data, you could consider the long term average “normal.”
Inventory of houses is about 51% of normal for this time of year. For town homes and condos, inventory is only 40% of normal.
If these percentages were the spring snowpack, meterologists would be predicting a drought for the coming summer. Record low inventory levels are a pattern going back at least 18 months.
My recent posts were a detailed analysis of the Boulder real estate market. For condos, see Happy Days for Boulder Sellers. For houses, see Historic Floods Can’t Drown Boulder Real Estate.
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Boulder Inventory Shortage Deepens
by Osman Parvez
Talking to a reporter about the inventory shortage in Boulder, I realized it might be helpful to put together a clearer chart.
The following shows September inventory compared to the long term average for both houses and attached dwellings (condos and town homes). Since it covers 8 years of data, you could consider the long term average “normal.”
Inventory of houses is about 51% of normal for this time of year. For town homes and condos, inventory is only 40% of normal.
If these percentages were the spring snowpack, meterologists would be predicting a drought for the coming summer. Record low inventory levels are a pattern going back at least 18 months.
My recent posts were a detailed analysis of the Boulder real estate market. For condos, see Happy Days for Boulder Sellers. For houses, see Historic Floods Can’t Drown Boulder Real Estate.
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Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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