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The National Market August 2019

Three Things You Need to Know About National Housing Report for the top metropolitan areas, includes all residential property types, and is not annualized.


1) Home sales slipped slightly year-over-year.

2) Buyer demand outpaced the number of homes on the market.

3) The number of homes on the market saw its most significant decline in 13 months. 

What’s this mean? It means that low-interest rates have enticed more buyers, and sellers may be a bit hesitant to put their home on the market. But, with more buyers, it is still a seller’s market. If you’re thinking about a move or want to learn more about our local market, let's talk. Please reply to this email or give me a call to talk about your real estate needs.

Supply

Down 5.5%

Median Price

$263,000

Down 3.6%

Demand

Down 4.2%

DOM

44

Up 1 Day...

The Boulder Market September 2019

Other key indicators

1) New listings are down -18.1% from last year.  Supply levels tapering.

2) Closed sales up 8.5% from last year.  Demand levels trending in the right direction.

If supply levels continue to fall and demand stays stable this should keep prices level, without downward pressure.


YTD Supply

Up 4.4%

Average Price YTD

$529,963

Up 2.3%

YTD Demand

Down -10.4%

  Days on Market

69

Up 20 Days...

The Boulder Condo Market for prices between 200k and 300k as of September 2019...

The amount of new listings has gone down quite a bit, which follows the trend for the greater condo market.  However, corresponding demand is also down, which could be the product of less supply, but also downward pressure on price.

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