June home sales in Boulder County jumped significantly and were similar to levels from the previous year. However, year-to-date sales are still down 11% due to lower sales in the first few months of the pandemic. Housing inventory increased in June but remains below 2019 levels and similar to recent years. Nearly half of current listings are already under contract. Price reductions have also risen as sellers try to compete in a market where inventory is dropping back toward pre-2017 levels in some areas.

1. Boulder County Real Estate Statistics
June 2020

2. Copyright 2020 Neil Kearney, Kearney Realty Co.
June sales jumped dramatically
and were just about the same as
they were a year ago. After two
pandemic affected months, YTD
sales are now down by 11%.

3. Copyright 2020 Neil Kearney, Kearney Realty Co.
Inventory of available listings
jumped in June. We are a bit
below last year but similar to
recent years.

4. Copyright 2020 Neil Kearney, Kearney Realty Co.
This graph shows the number of active homes on the market that are
not already spoken for by a buyer at the time of reporting. At the end of
June 47% of the properties in the MLS were already under contract. Still
a very strong number given current situation.

5. Copyright 2020 Neil Kearney, Kearney Realty Co.
Price reductions have increased recently as
sellers get serious about selling after being on
the market and not being successful in doing
so.

6. Copyright 2020 Neil Kearney, Kearney Realty Co.
The red line shows new listings to the
market in Boulder County so far in 2020.
When we were able to show homes again
the number of new listings jumped
significantly.

7. Copyright 2020 Neil Kearney, Kearney Realty Co.
This chart shows the number of properties going under
contract each week throughout the year. A large drop during
March and April has been followed by a very strong recovery
in May and June. Seems like there was a backlog of demand.

8. Copyright 2020 Neil Kearney, Kearney Realty Co.
This graph shows the number of closings on a weekly
basis. We are back up to where we should be for this
time of year.

9. Sales have recovered quite nicely, and activity is back up
to normal levels for this time of the year. Overall, inventory
is dropping back to pre-2017 levels and with nearly half of
active listings already being under contract inventory is
low in some sub-markets and price ranges. The lower
end of the market continues to outperform the higher end.
Price reductions have been increasing in recent weeks as
sellers who are not finding traction in the market find ways
to compete in the market.
My view of the Market
Copyright 2020 Neil Kearney, Kearney Realty Co.

10. Copyright 2019 Neil Kearney, Kearney Realty Co.