The Boulder real estate market remains active and strong. Buyer demand continues to significantly outpace supply which is down 44.9% over October 2019. Average days to contract was just 46, and the average sales price was up nearly $225k year-over-year despite the fact that we're heading into the typically "slow" season for real estate.
Looking closer at demand, total sales for 2020 stands at 1,432 which is around 200 more homes sold in the same time period for 2019. Meanwhile, there were just 307 active listings in October compared to 557 in October of 2019. That drop has created increased competition amongst buyers which has been the story for much of 2020 despite the Covid-19 shutdown.
As for house hunters in the Boulder real estate market, low interest rates continue to provide greater buying power, enabling them to get into higher-priced homes at a monthly payment (principal and interest) that fits within their budget.
That's a lot of numbers and a lot of info to take in, so feel free to get in touch with a PorchLight agent to talk more about how you can successfully buy or sell right now!
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