Condos and townhomes are a bit of a different story. As of this writing, 40% of the market in the City of Boulder is under contract (pending or active/backup status). Intuitively, this makes sense as the median sale price is much, much lower than single family houses in Boulder and despite reduced purchasing power, there's more demand at lower price points.
Inventory of townhomes and condos is low compared to recent years, but there are options at most price points in Boulder. The question, as always, is whether the available choices are actually worth an offer. The only way to understand the market fully is to schedule showings and evaluate homes in your price range. To better understand the market, we usually advocate doing so a few months before pulling the trigger.
Percentage under contract paints an interesting picture. There are a few options in the $800K to $1M price range, as of this writing. None are under contract. Drop below $800K and the market is quite active, with more than 50% under contract. The market starts to get distorted at the very entry level, due to the time constraints involved with the affordable housing process.

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.