Despite the pandemic shutdown, real estate in Denver and Boulder was extremely active in 2020. Prices and competition were up while inventory and interest rates were down. Our PorchLight agents provided the highest level of service to both buyers and sellers alike, helping them achieve their real estate goals.
In the city of Boulder, sales continue to be strong with 1,575 single-family, detached homes sold thus far in 2020. That's up 15.6% over 2019 at this point in the year, indicating that Boulder is a highly desirable place to call home. However, inventory is down 52.2% year-over-year, which has led to a decline in days to contract (39 for the month) and increased competition for available home inventory.
PorchLight Real Estate Group continues to climb ColoradoBiz Magazine's Top 200 Private Companies list. Based on annual reported revenue for 2019, we landed at #44 on the publication's 2020 list, up 10 spots over 2019 and securing our spot as the highest-ranking residential real estate brokerage.
If you're looking for last-minute holiday gifts or any time of the year gifts, locally-owned shops can provide everything you need. While you may not be familiar with these gift shops, PorchLight agents know the Denver and Boulder areas inside and out. They've picked out the best stores to find that perfect something.
In Denver real estate, the market continues to be all about inventory—or the lack of it, to be more accurate. In November, the number of homes on the market dropped again by 12.7% compared to October, with just 1,699 single-family, detached homes available for sale.
