Summer Market Update

The Boulder County real estate story for 2026 is shaping up to be A Tale of Two Markets - single family homes are holding steady while attached dwellings are struggling.

The median price of single family homes is up 2.3% over this time last year and the number of sales is virtually the same compared to last year. Meanwhile, the median price of attached dwellings has decreased 7.6% compared to this time last year and the number of sales has decreased 10.5%.

Statistics show that the market has become more competitive for all types of property and not every property will sell - just 24% of single family homes are currently under contract and only 17% of attached dwellings are under contract. At the top of the market in 2021/2022, 65% of single family homes were under contract and 76% of attached dwellings were under contract.

As a result, buyers have more choices and are taking their time to make decisions. In the current market, buyers are purchasing the most updated properties in the best locations, while homes that are outdated, have less than perfect locations or are priced too high are sitting. For single family homes, it's mostly an even playing field between buyers and sellers. For attached dwellings, it's definitely a buyer's market.

At this point you may be wondering, how should I proceed? For sellers, being priced properly based on condition and location is a must and will help you sell. For buyers, there are more choices and opportunities than we are used to seeing, whether that means getting the most updated property available at a reasonable price or getting a bargain on a condo/town home. For investors, this is a great time to pick up a property at a favorable price.

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

I hope you have some fun plans and enjoy the rest of summer!

Rich

Fall Market Update

Last month I cited a Fannie Mae report about predictions for the real estate market in the coming years with the most optimistic group of panelists projecting 27.4% real estate price growth by 2029 and the most cautious group of panelists predicting 6.7% price growth by 2029. I am referencing this report for the second month in a row because contrary to what you may be hearing, real estate is still a great investment and this is a great time to buy.

Each year, the best buying opportunities are in the 4th quarter because Sellers always become motivated as the holidays approach. This Fall will be an especially good time to buy because there are more available homes on the market than usual and buyers have more options. In addition, interest rates recently dropped.

Whether you are looking for a home for yourself, wanting to make an investment or have a family member wanting to buy their first home, the next 3 months will present some outstanding opportunities.

Please reach out and let me help you explore the possibilities. I hope you have been enjoying this beautiful Fall weather. As always, I appreciate your business and your referrals.

Best,

Rich

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