A Look at Real Estate in Boulder. It's no secret that Boulder is a pricey real estate market. And with fewer homes for sale right now, buyers are competing at all new levels. Year-over-year, the number of active listings for detached, single-family homes in the city of Boulder decreased by 57.4% while the average sales price increased by 27%.
The real estate market is moving quickly in the Denver metro area. In March, the average days on market for detached homes dropped by 4 days to just 15 month-over-month. That’s also down from 27 days on market for March of 2020, however, Colorado’s Covid-19 stay-at-home orders which went into effect on March 25th may have affected that figure.
With low inventory and high demand comes an increase in home prices as buyers battle it out to secure a property. Looking at detached, single-family (DSF) homes in Boulder, the average sales price jumped 6.7% to $1,325,362 year-over-year. Across the county, DSF prices increased by 15.8% to $886,748.
Denver’s real estate market continues to be competitive. Because of low inventory, average days in the MLS dipped to just 19 while the average sales price increased to $632,581. That’s up 23.15% compared to February of 2020, but less than 1% versus last month!
In January, the sellers market in Boulder continued to be red hot, even as temperatures are reaching icy cold lows. With active listings down a whopping 55.8% year-over-year for detached single-family (DSF) homes and plenty of buyers still looking to make a move, prices saw a 17% jump from January 2020 [...]
