Fall is in the air. It's time to check out the fall colors around Colorado. The aspens are starting to peak, see our suggestions for the best passes to see the leaves below. We've also welcomed the return of fall football. Even though our CU Buffs haven't been winning many games, we've appreciated being able to see them play in person this year.
We currently have 7 properties under contract, 8 properties have closed in August and September and 2 already closed in October. In addition, we have several more coming soon listings as well as many buyers actively looking.
October is a great time to buy while inventory still remains steady, but the big demand rush for back-to-school time has settled. While we are still in a seller's market, October is the start of the slowdown in the market as we approach the holidays. We are here to help you start looking for your next opportunity. Put our high level of personal attention, knowledge of the market, and hard work ethic to your benefit.
Inventory for single-family homes is down 40% in Boulder County and down 49% in the city of Boulder compared to this time last year but down 4% for the county and down 12% for the city from last month. New listings are down 3% for the city and flat for the county from this time last year. Compared to this time last year, months of supply in the county are down 40% at .9 months of supply and down 54% in the city at 1.1 months of supply. Listings are still moving quickly, but the days on the market are starting to increase from the previous 2 months; Boulder County is seeing a 30% decrease in the median days on the market at 33 days and the city is seeing a decrease of 28% from this time last year at 37 median days on market. The median sales price for single-family homes is up 12% for Boulder County and up 18% for the city of Boulder from this time last year, but flat for the county from last month and an 8% decrease from last month. The median price per square foot is up 20% for the county and up 22% for the city from this time last year, but down 3% for the county and flat for the city from this time last month.
We continue to be forever grateful for the Boulder community, our friends, and our clients. We genuinely appreciate you. Hoping to see you soon. Set up time with us to discuss your real estate goals. We are here for you!
As always, we appreciate your referrals. Thanks for your support.
