Boulder Market Plunges [Analyze This]

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Boulder Market Update
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Note: Sales data is still preliminary and accordingly the analysis below is conservative. The data could improve slightly over the next week, but I think the pie is mostly baked at this point. 

The chart above shows pending sales for Boulder County, attached and detached dwellings combined. The blue shaded area represents the average for the past three years. The yellow line is the last twelve months of data, ending in April. Pending sales fell below 300 last month, or 45.4% below average. Yowza. 




This next chart shows absorption, or sales from the current month as a percentage of the previous month’s inventory. Absorption is one of the clearest indicators of market activity and it shows a substantial slide. Last month, absorption was only 38%. The average for April is 60%.  




This last slide shows inventory and now, the plot thickens. Most of last year, inventory was significantly elevated (look at those error bars, Tyler!) which created buying opportunities across the board.  


That excess inventory is now history. 




This last chart helps explain why: new listings fell off a cliff. Only 418 “new” listings hit the market last month, which is 40% below average and 45.7% below last year. 


Of course, this is no surprise. 

How should you adjust your buying or selling strategy?


You’ll find a detailed discussion of the Boulder Real Estate market, including an up to date breakdown by price range, and our latest advice to buyers and sellers in our latest newsletter. Sign up HERE.




Pro tip: Not all “new” listings are really new. Often Realtors will refresh old listings to restart the clock on the MLS. As of right now, the MLS is actually having a technical issue displaying the correct days on market (DOM). Before writing offers, always double check the listing history.



Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.



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. For more information, click HERE.


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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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. Image: Carl Cerstrand.  

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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.

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.

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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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