Quick August Market Update

For the last couple of months I have been reporting that the story in our current market is the increase in inventory of available homes for sale. This increase in inventory is trending towards a buyer's market and is not only happening in our area of Colorado, but across the country. However, the market is not indicating that home prices will come down and housing experts say Buyers should not assume they will drop or even flatten out in the coming years. 

Fannie Mae's latest Home Price Expectations Survey (HPES) asked 100 housing experts to weigh in with their predictions for the real estate market in the coming years. The most optimistic group of panelists are projecting 27.4% real estate price growth by 2029 and the most cautious group of panelists are predicting 6.7% price growth by 2029. Click here to read the full Fannie Mae Survey Report.

What does this mean for Buyers? Even the most cautious industry experts are still predicting long-term price appreciation for real estate. You can feel confident that a home purchase now will still be a good long-term investment. For investors, this is a great time to purchase a rental property. The best opportunities will be in the 4th quarter of 2025. Sellers become motivated as the holidays approach and it is starting to look like interest rates will drop in the next month or so.

What does this mean for Sellers? Being priced properly based on condition and location is paramount. Buyers have more choices and opportunities with the increased inventory, so Sellers need to make sure their property is priced realistically. Sellers may also want to consider offering closing cost credits for Buyers to lock in a lower interest rate and help close the sale.

Whether you are considering buying or selling, please reach out and let me help you explore the opportunities. As always, I appreciate your business and your referrals. I hope you have been enjoying the summer.

Best,

Rich

Quick Market Update

Last month I broke down the mid-year stats with a lot of detail. With many of you taking a summer vacation and trying not to pay too much attention to the day to day, I'm providing a graph which captures the stats in the form of a quick summer read - the number of active listings are up substantially, the number of sales have increased slightly and prices are basically flat. Regardless of whether you are on vacation or staying close to home, I hope you are having a great summer. Please reach out if you want to discuss the current market and how I can help make it work for you, whether you are buying, selling or both. 

All the best,

Rich

Summer Market Update 2025

The real estate market traditionally slows down as we get into summer and this year the Boulder County real estate market is on trend. Interest rates have been hovering just under 7% for about two years now, so the interest rate story is old news. The story in the current market is the increase in inventory of available homes for sale. Active listings of Single Family Homes in Boulder County are up 28% from one year ago and up 50% from two years ago. Active listings of Condos/Townhomes in Boulder County are up 49% from one year ago and up a whopping 153% from two years ago.

Interestingly, the market has not slowed down as far as the number of sales. The number of sales has remained about the same as one year ago and are up compared to two years ago (a 16% increase in the number of sales of Single Family Homes compared to 2023 and a 9% increase for Condos/Townhomes).

Statistically, prices have remained about the same over the last two years. So, what's happening? Not every home that goes on the market will sell. Buyers have more choices and are taking their time to find the right property that suits their needs. In the current market, buyers are purchasing the most updated properties in the best locations while homes that are outdated, have less than perfect locations and/or are priced too high are sitting on the market. It's leaning towards a buyer's market, especially for homes that need updating or have a challenging location.

At this point you may be wondering, what should we do now? For sellers, being priced properly based on condition and location is paramount and will help you sell. For buyers, there are more choices and opportunities than we are used to having, whether that means getting the most updated property available at a reasonable price or getting a steal on a fixer upper. For investors, this is a great time to pick up a rental property at a great price.

Whether you are considering buying or selling, please reach out and let me help you explore the opportunities.

Thanks and All The Best,

Rich