Pending Sales and Inventory Availability [Market Update]
by Osman Parvez
Here’s a quick look at pending sales and inventory availability across Boulder County. The key metric: Percent of inventory currently under contract.
The chart above shows inventory of homes under contract with a buyer for Boulder, Boulder Attached Dwellings (town homes and condos), Longmont, Superior, Louisville, and Lafayette.
Perhaps a surprise to many, Boulder has 40% under contract; less than adjacent markets. Louisville is leading the region with 61% under contract. If you’re a buyer, flip that around. Boulder has more available inventory than any other local market. If you’re shopping in Louisville, good luck. You may have to look at unlisted and upcoming properties, like this one.
The majority of homes under contract will close within 30-45 days. Buyer remorse is increasingly a factor, largely driven by bidding wars. Just because you lost the bidding war doesn’t mean you won’t get the house. A backup offer may be warranted. Talk to your agent for details.
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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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