House Inventory Up 33% [Analyze This]

by Osman Parvez
----
Last night's Meetup was fun. Our discussion ranged from investment market conditions to the challenge of waiting a year or even longer for a builder in Boulder. We took a deep dive into the data and peered into our crystal balls for the coming year.  

Most likely we will continue these events (and others) on a monthly basis.  Stay tuned for information about our next one.

The chart below shows the year over year increase in inventory for single family, detached houses in Boulder. The full series of charts from last night are available on our Instagram feed (Click HERE). 
  


A post shared by HouseEinstein (@house_einstein) on

Data sources for these charts are the MLS, including our own inventory tracking, as well as the Boulder Tax Assessor.  Where year over year analysis is shown, the data period is from November 15 through November 14 the following year. 



----
Want to get blog updates via email?  Click HERE.       
Ready to buy or sell?  Schedule an appointment or call 303.746.6896. 
You can also like our Facebook page or follow us on Twitter.

As always, your referrals are deeply appreciated.  

--
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

you might also like

real estate

2 comments:

  1. Osman,
    Thanks for the update. But as we know, 2016-7 were unusually tight markets. So, how does this latest data compare to long-term trends? The simple year on year comparison doesn't really tell us if we are moving back to a more normal market (which is probably a good thing) or if we are moving towards a genuinely soft market. Thanks for your good work.

    ReplyDelete
  2. Thanks Sven. You're absolutely correct, inventory is still historically low. I do have data that goes back to 2005, but data sources have changed so it may not be apples to apples. IfI get a chance, I'll take a look and publish,

    ReplyDelete

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.