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

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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.