Boulder Inventory Stabilizes, Spring Outlook Positive [Analyze This]
by Osman Parvez
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Continuing my inventory analysis from yesterday (see Boulder Entry Level Remains Strong, High End At Risk of Correction), the chart above shows total inventory (active, under contract, and pending) for the City of Boulder over the last three years. The blue line dots and trend line represent 2017. Orange represents 2016 and grey represents 2015.
- Inventory started off substantially higher at the beginning of this year.
- It is now in-line with the previous two years.
- Expect inventory to continue rising from now until mid summer. It typically peaks in June or July.
Note: The source of the chart for this data is IRES and includes data from ReColorado, with duplicates removed by IRES’s automatic filter. Agreements between IRES and ReColorado allow for only six months of data to be shared, but I’ve maintained my own database of inventory and sales data since 2005. These agreements will soon be terminated (see What You Need to Know).
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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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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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