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Looking back on Boulder’s 2018 real estate market
2018 was a good year. Depending on whether you’re a seller it could be classified as not as good as prior years or … as a buyer, thank goodness the appreciation train has slowed down to a more reasonable rate!
While the number of sales are down by a small 2% margin (or 35 fewer home sales) to 1616 homes sold, this can be mostly attributable to fewer homes being listed for sale (2263 new listings, down 2.8% from 2017).
The average sales price is up 11% to $888,194. The median sales price is $715,000 up by 6.4%. FYI, this includes affordable housing sales and everything in between. And, more houses over $2 million sold in 2018 than ever before.
Days on market is down 12% All of this points to a very strong market, even with other markets nearby and nationally starting to cool off.
|Sales Price Avg||$888,194||+6.4%|
|Sales Price Med||$715,000||+11.4%|
|Days On Market||43||-12.2%|
Seller’s market or buyer’s market?
3 months of inventory or less = sellers’ market
6 months of inventory or more = buyers’ market
Between 3-6 months of inventory = balanced market