by Osman Parvez
Talking to a reporter about the inventory shortage in Boulder, I realized it might be helpful to put together a clearer chart.
The following shows September inventory compared to the long term average for both houses and attached dwellings (condos and town homes). Since it covers 8 years of data, you could consider the long term average “normal.”
Inventory of houses is about 51% of normal for this time of year. For town homes and condos, inventory is only 40% of normal.
If these percentages were the spring snowpack, meterologists would be predicting a drought for the coming summer. Record low inventory levels are a pattern going back at least 18 months.
My recent posts were a detailed analysis of the Boulder real estate market. For condos, see Happy Days for Boulder Sellers. For houses, see Historic Floods Can’t Drown Boulder Real Estate.
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