Tight Inventory is the name of the game for the Boulder County real estate market as March comes in like a lion and leaves as one as well.
New listings in neighborhoods such as Dakota Ridge and Pearl Street are down 14% year to date and March continues the Q1 trend of even lower inventory with a decrease in inventory of almost 28% in the single family sector. We did see a slight increase in new listings for the attached dwelling market of 5.4%. Some of this can be attributed to projects, such as the Peloton coming online.
The Average Sales Price continues to climb and exceed expectations as with the average sales price rising 18.3% for single family homes year to date and 14.8% for attached dwellings.
Months’ Supply continues to tighten as we