Inventory Shortage Rages On [Analyze This]
by Osman Parvez
As long term blog readers know, I love data analysis and effective visualizations of trends. Occasionally, I’ll get side tracked but most of the content on this blog remains very analytical.
Here’s a look at the ongoing inventory shortage in Boulder County.
The chart above shows the most recent inventory level compared to the long term average for the month. Boulder, Boulder attached dwellings, Longmont, and Louisville are shown.
Inventory this year is running more than 55% below the long term average (2004-2013) in the City of Boulder. It gets worse in Longmont and Louisville.
Of course, not all property types, locations, and price ranges are in deep shortage. The key to making an effective decision is knowledge of market conditions relative to your unique real estate situation. If you’re thinking about buying or selling, call me to discuss. 303.746.6896.
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We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
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More about the author
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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