Low Inventory and Continued High Demand [Weekend Reading]

|November 8, 2020|Real Estate|

I think that we are all relieved that it’s a new week. Start it off on a positive note and catch up on some real estate news.

1. Tech Workers Take to the Mountains, Bringing Silicon Valley With Them

Sound familiar, Colorado?

2. Homeowners and buyers are the real winners in this election

According to Realtor.com and the National Association of Realtors, homes sold faster in October than September and prices remained at their summer peak of $350,000 for the first time since 2011.

“New homes represent new supply. Increased supply – inventory – gives buyers more choices and helps hold down prices, not just for new construction but for existing homes as well. If fewer new homes are being built, real estate prices would likely be higher than they are today.”

“The median closing price on a single-family home was $519,900  in October, an increase of 1.9% from September and 14.3% from October. The average closing price was $625,100, a 4.5% gain from September and an 18% increase over the past year.”
More than 3.5% of all the rentable office space in the Denver-Boulder-Aurora metro area was available for sublease at the end of September.


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.  

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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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