Thursday, June 16, 2016

Boulder and the L's [Inventory Analysis]

by Osman Parvez
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Smart house buyers and sellers adjust strategy to market conditions. 

The chart above shows the annual change (year over year) in total house inventory and inventory under contract for Boulder and the L's (Louisville, Lafayette, and Longmont).
   
The L's show the pattern you'd expect - when supply drops, percent under contract (a.k.a. absorption) increases. Louisville inventory is up 8.9% and homes under contract fell 9.0%. Lafayette inventory dropped 7.1% and houses under contract increased by 2.0%. Longmont inventory dropped 4.5% and houses under contract increased 8.0%.  

Boulder is the anomaly. Total inventory is up almost 5% while houses under contract have also increased by about the same.   

Remember: market conditions vary by price range, property type, condition, and location - down to the neighborhood and street level. Talk to your real estate adviser.   

Intelligent real estate decisions are based on a deep understanding of market conditions. 
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

1 comment:

  1. Total inventory in Boulder is up because there's a lot of listings in not-so-great locations asking for exorbitant prices. Under contract is up because anything in a decent location at less than crazy prices sells fast.

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