Boulder Real Estate Market Statistics October 2015
Happy Holiday Season from TrailRidge REALTORS! Here are your Boulder Real Estate Market Statistics October 2015.
There are still buyers and sellers looking to close before 2016! We do typically see a change in the market this time of year, but what kind of change?
The months Supply of inventory continues to be fairly low across the board, with Lafayette being incredibly tight at only 0.8 months supply. The average for Boulder County is close to 2.0 months. Which is low, but has been very typical for 2015. If we look at the number of homes listed in Boulder county, we see that there have only been 266 new listings for October. This is the lowest amount of new homes since January of this year.
We have definitely not seen as much of the crazed Buyer’s from the summer months. Where a property might have received 10 offers this Summer, we are seeing it take a little bit longer and not as many offers come in. Lafayette however, continues to be cut throat. Lafayette still saw the percent of List Price Received at 101%, which is incredible!
One very important point to pay attention to is the interest rates. There is much speculation as to whether or not the Federal Reserve Bank is going to increase rates this year. Many people are saying that they will go up before the end of the year. This might spur a few more buyers to try and find a property during this usually slow period of the year.