Boulder County’s housing market achieved a “sweet spot between a seller’s market and a buyer’s market” in September, according to the latest report from the Colorado Association of Realtors.

“It’s staying really steady.There are no huge dips or increases in home prices,” said Kelly Moye, a Broomfield-based RE/MAX Alliance Realtor and former president of the Boulder Area Realtor Association.

The number of single-family homes for sale went up 9.4% and new listings of townhouses and condos increased 5.6% from January through September, compared with the same period last year.

The median sales price of single-family homes decreased 1% to $599,000 last month from $604,900 in September 2018. (A median price reflects the mid-point: half of homes listed above the price and half below). The median sales prices of townhouses and condos was down 1.3%  to $375,00 in September, compared to $379,900 the same month a year ago.

Only when prices go down more than 3% do people begin to take notice, Moye said. Sellers received almost 99% of the listed price for their property, she said, adding neither buyers nor sellers appear to have an upper hand. She expects the market to hold steady unless the election rhetoric affects the stock market and subsequently consumer confidence.

The number of single-family homes in Boulder County listed for sale increased 0.7%, from 434 in September 2018 to 437 last month, and the number of single-family homes sold last month went up 13.6%, from 279 in September a year ago to 317 last month.

But the number of days single-family homes stayed listed on the market increased 14% to 49 in September, compared to the same period a year ago at 43 days.

Comparing year-to-date data from January through September in 2018 and 2019, the number of days single-family homes stayed on the market only went up 2.3%, going up from 44 days to 45.

Listings of townhouses and condos for sale in Boulder County increased 30.8% to 174 listings in September, from 133 in the same month a year ago. The number of sold listings increased 3.4% from 117 in September 2018 to 121 last month. Their median sale price of $365,000 remained the same last month as it was a year ago.

Comparing data from January through September 2018 with the same period this year, the median sales price of townhouses and condos declined 1.3%, from $379,900 to $375,000.

The townhouse and condo market is down a touch, Moye said. The number of days townhouses and condos stayed listed on the market until sale went up from 30 days in September 2018 to 54 days last month.

Comparing year-to-date data from January through September in 2018 and 2019, the number of days townhouses and condos stayed listed increased 38.1%,  from 42 days to 58 days.

This market recovers quickly when stocks under perform, prompting small investors to rush in to diversify their portfolios with real estate investments, Moye said.

Boulder County had 2.6 months of supply of townhouses and condos last month, the same as September 2018.



Source link