Wednesday, March 19, 2014

Inventory Shortage Rages On [Analyze This]

by Osman Parvez

As long term blog readers know,  I love data analysis and effective visualizations of trends.  Occasionally, I'll get side tracked but most of the content on this blog remains very analytical. 

Here's a look at the ongoing inventory shortage in Boulder County.   


The chart above shows the most recent inventory level compared to the long term average for the month.    Boulder, Boulder attached dwellings, Longmont, and Louisville are shown. 

Inventory this year is running more than 55% below the long term average (2004-2013) in the City of Boulder.   It gets worse in Longmont and Louisville. 

Of course, not all property types, locations, and price ranges are in deep shortage.   The key to making an effective decision is knowledge of market conditions relative to your unique real estate situation.    If you're thinking about buying or selling, call me to discuss.   303.746.6896.  

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