Real estate statistics for Boulder County for the month ending March 2020. Presented by Neil Kearney of Kearney Realty Co. in Boulder Colorado. For more detailed information like this go to http://www.NeilKearney.com

1. Boulder County Real Estate Statistics
March 2020

2. Copyright 2020 Neil Kearney, Kearney Realty Co.
March sales increased by 9%
over last year. YTD sales are up
17% through the first quarter.

3. Copyright 2020 Neil Kearney, Kearney Realty Co.
Just as many were getting
ready to put their homes on
the market COVID-19 put
plans on hold.

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
March 44% of the properties in the MLS were already under contract. A
strong market but not quite as strong as the past few years.

5. Copyright 2020 Neil Kearney, Kearney Realty Co.
Price reductions have really dropped in the
last few weeks. Most sellers are resigned to
the fact that there are not going to be many
showings in the short term.

6. Copyright 2020 Neil Kearney, Kearney Realty Co.
The red line shows new listings to the
market in Boulder County so far in 2020. Just
as the numbers of new listings should be
increasing, stay-at-home orders have caused
a big drop in the past few weeks.

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 in the
past few weeks as activity has dropped due to the pandemic.

8. Copyright 2020 Neil Kearney, Kearney Realty Co.
This graph shows the number of closings on a
weekly basis. Most of the planned closings in
March made it to the closing table.

9. Copyright 2020 Neil Kearney, Kearney Realty Co.
This graph shows the number of showings on a daily basis in
the greater Boulder market since March 10th. Even as
showings decline dramatically, there seems to be a surge of
activity on the weekend. Most of the showings are taking
place on homes priced below $1 million

10. When you look to the future and predict where the market will go, rarely do we
think about large outside influences like a global pandemic. But here we are.
The health crisis has caused a global financial crisis. How deep this recession
will be won’t be known until we get back to work and see how quickly the
workforce gets reabsorbed back into jobs. The housing market was just
coming into the most active time of the year so many plans are paused if not
changed. Right now I’m seeing most of the in-process transactions make it to
the closing table (although definitely not all), but we are definitely seeing a
huge drop in showings and new contracts written. It will be interesting to see
if the busy time of the year is just delayed or if the normal bubble of activity
just pops for the year. For now we are seeing some activity in the lower price
ranges in our market and very little in the upper price ranges.
My view of the Market
Copyright 2020 Neil Kearney, Kearney Realty Co.

11. Copyright 2019 Neil Kearney, Kearney Realty Co.