November and December | Anything Goes?

Welcome to November in Boulder real estate. 

The last two months of the year are typically slow . If you're shopping for a home, on average, you can expect slightly more than 50 new houses to hit the market this month and about half that in December (pink circle).

The condo and town home market follows the same pattern (chart above), however note the elevated level of new listings hitting the market on the right side of the chart. As discussed in our recent analysis of market conditions, it looks like this influx of attached dwelling inventory might be a short-term opportunity for buyers. So far, it's resulted in better selection but not a wholesale drop in pricing.  

If you're thinking that condos and townhomes are likely to see a sustained downturn, my crystal ball says it's not likely. As long as education remains a top priority for Americans, Boulder's market should do better than most. 

Then again, this is 2020. With a possible 12 more months of Covid chaos ahead, and who knows what's about to happen in tomorrow's historic election.... it's best to remember Cole Porter.  

Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

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

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.