Market Forecast: Turbulence Ahead
by Osman Parvez
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Heads up Boulder real estate buyers and sellers. Market indicators are pointing to changes ahead.
As of the beginning of this month, inventory was down 6.5% and homes under contract had risen from 40.3% to 46.8% compared to the previous year. In other words, there are slightly fewer homes for sale and slightly more competition between buyers than last year at this time.
Here’s the real story – what you won’t find anywhere else. Check out the following chart.
The chart above shows change in sales volume (year over year) for houses in the City of Boulder during the last twelve months (LTM), last six months (L6M), and last three months (L3M).
During the last 3 months, sales volume fell 15% compared to the same period a year ago. This is not a small dip. Volume dropped about 4% for the 6 and 12 month periods.
With rates widely expected to rise before the end of the year and increasing signs of global economic uncertainty, it’s a good bet that the market will soon begin to see more inventory.
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Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Market Forecast: Turbulence Ahead
by Osman Parvez
—-
Heads up Boulder real estate buyers and sellers. Market indicators are pointing to changes ahead.
As of the beginning of this month, inventory was down 6.5% and homes under contract had risen from 40.3% to 46.8% compared to the previous year. In other words, there are slightly fewer homes for sale and slightly more competition between buyers than last year at this time.
Here’s the real story – what you won’t find anywhere else. Check out the following chart.
The chart above shows change in sales volume (year over year) for houses in the City of Boulder during the last twelve months (LTM), last six months (L6M), and last three months (L3M).
During the last 3 months, sales volume fell 15% compared to the same period a year ago. This is not a small dip. Volume dropped about 4% for the 6 and 12 month periods.
With rates widely expected to rise before the end of the year and increasing signs of global economic uncertainty, it’s a good bet that the market will soon begin to see more inventory.
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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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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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
