Wednesday, May 14, 2014

Boulder Real Estate Sizzles and It's Not Even Summer [Market Update]

by Osman Parvez

Here's a quick glance at market conditions for the City of Boulder.

The following charts show absorption for traditional single family houses and for condos and town homes (attached dwellings).   Absorption is simply sales volume expressed as a percentage of the preceding month's inventory - a measure of liquidity.

The chart above is for single family houses.   Absorption spiked to 38.4%, a 10+ year high.     This is slightly more than 2x the long term average for the month of April.  

This next chart is for town homes and condos (attached dwellings).   Last month, absorption reached 36.3%.    It usually peaks in July or August. 

A new House Einstein Report is in the works.  It will feature much more analysis on market conditions.   Sign up HERE.  

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