Thursday, October 17, 2013

Boulder Inventory Shortage Deepens

by Osman Parvez

Talking to a reporter about the inventory shortage in Boulder, I realized it might be helpful to put together a clearer chart. 

The following shows September inventory compared to the long term average for both houses and attached dwellings (condos and town homes).   Since it covers 8 years of data, you could consider the long term average "normal." 

Inventory of houses is about 51% of normal for this time of year.   For town homes and condos, inventory is only 40% of normal.   

If these percentages were the spring snowpack, meterologists would be predicting a drought for the coming summer.  Record low inventory levels are a pattern going back at least 18 months.     

My recent posts were a detailed analysis of the Boulder real estate market.    For condos, see Happy Days for Boulder Sellers.   For houses, see Historic Floods Can't Drown Boulder Real Estate

Like this analysis?    Subscribe to my research.       Want to meet me in person?    Attend a Boulder Real Estate Meetup.    Ready to buy or sell?  Call me at 303.746.6896.  

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