Boulder Real Estate Sizzles and It’s Not Even Summer [Market Update]
by Osman Parvez
Here’s a quick glance at market conditions for the City of Boulder.
The following charts show absorption for traditional single family houses and for condos and town homes (attached dwellings). Absorption is simply sales volume expressed as a percentage of the preceding month’s inventory – a measure of liquidity.
The chart above is for single family houses. Absorption spiked to 38.4%, a 10+ year high. This is slightly more than 2x the long term average for the month of April.
This next chart is for town homes and condos (attached dwellings). Last month, absorption reached 36.3%. It usually peaks in July or August.
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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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