In the city of Boulder, 172 new single-family listings came on the market in June, and the month closed with 189 homes still available 2.1 months of inventory and a 40% year-over-year gain.
With inventory rising and competition easing, prices dropped from $1,767,782 the prior month to $1,673,139 in June. That's still 20.3% higher compared to 2021, and on average, single-family homes are selling for 102.2% of their list price.
NOW VS. 2008
Rising interest rates are putting the brakes on the blistering, unsustainable pace of our real estate market. And despite the sensational news headlines, what's happening is a return to normalcy.
What differentiates today's market? Double-digit equity gains, financially stable buyers, curtailed predatory lending, and nowhere near enough home inventory to create a balanced market. In fact, with the real estate market correcting and coming back down to earth, now just might be a great time to buy a home if it makes sense for your needs and finances! CLICK HERE to find out more about the market shift and why it's still a good time to buy and sell.
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PORCHLIGHT FEATURED LISTINGS
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BOULDER TACO FEST
Sample the best tacos from Boulder County vendors, a curated list of craft breweries, tequila tasting, high-flying Luchadores, awesome live bands, and lots of free fun for the kiddos.
August 6: 12 - 7 pm
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BOULDER COUNTY FAIR Your favorites return, including a carnival, live entertainment, Kid's Corral and Petting Zoo, unique fair foods, 4-H animal projects, exhibits, and a live in-person junior livestock sale.
August 11 - 13: Noon - 11pm
August 14: Noon - 10pm |
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23RD ANNUAL LAFAYETTE PEACH FESTIVAL
This unique event centers around world-famous Palisade peaches. Enjoy delicious peach treats, plus food vendors, crafters, antique dealers, great art and children's activities.
August 20: 9am - 4pm
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Dina Piterniece
Broker Associate
720.317.3649
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[email protected] |
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