boulder county real estate statistics june 2016

Boulder County Real Estate Sales Statistics June 2016

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2016 Neil Kearney, Kearney Realty Co.

Total sales in May were down

4% from last year. Sales are

down 9% through the first half of the year.

Inventory has been consistently below past year’s level. This chart represents all active

listings including those that are under contract. So roughly divide by 2 to get the listings on which you could make an offer.

50% of the active listings were under contract at the end

of June.

Overall the market activity has been a bit lower than the

past few years. Fewer listings on

the market.

This chart shows the number of

properties going under contract each week. This clearly shows that June has

been slower than recent years.

Through the end of June, sales are down 9% from

2015.

My View of the MarketThe market slowed down around Memorial Day.

Inventory is still low and there are still instances of houses going very quickly. But in general showings have been much lower and houses are going under

contract at a slower pace. This may just be a summer lull in the market. Over the past few years we have seen the market surge again at the end of

August. So much for summer as being the best time to sell a house. As a result of the low inventory and a bit of a slow start sales are down 11% compared

to the first quarter last year.Copyright 2016 Neil Kearney, Kearney Realty Co.

If You Plan To Make a Move Plan to call the area expert.

Copyright 2016 Neil Kearney, Kearney Realty Co.