A Change in the Wind? Boulder Inventory Update [Analyze This]
by Osman Parvez
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Happy Autumn, dear blog readers.
Hot off the presses, here’s our latest inventory analysis of Boulder real estate market conditions through October 1st. Think you know what’s happening? You might be surprised…
This first chart (above) shows inventory for Boulder houses. The brown line represents the total number of houses listed in inventory. The blue is the percentage that are currently under contract.
The typical seasonal pattern shows a significant drop in both inventory and percent under contract. This year is far from typical. Total inventory has remained steady and the percentage under contract has trended higher.
The drop in inventory at this time of year is well established for the Boulder market, which makes the current market behavior unusual. If seasonally adjusted, this chart would show an increase. It appears more sellers are getting motivated and listing their homes. Perhaps sellers are fearful of an economic downturn or rising rates before the end of the year, both scenarios which point to a cooling housing market (on a national level). This is nothing like the end of the last real estate cycle, by the way, where inventory had ballooned massively and transaction volume started to trail off.
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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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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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