Mid-Year Market Review

We are halfway through 2015 and the Boulder County real estate market continues to amaze me.

Last year, the median price of single family homes increased 3.6% and attached dwellings increased 6.3%. Median price increases so far this year have already far exceeded those numbers, and current market statistics read like a recipe for continued appreciation. Here are the numbers:

• Inventory of single family homes for sale in Boulder County is down 22.2% from a year ago, with attached dwelling inventory down 33.6%.

• The number of single family homes sold is up 9% from a year ago and the number of attached dwellings sold is up 8%.

• The median price of single family homes is up 11.1% from a year ago and attached dwellings are up 13.8%.

• The 30-year fixed interest rate remains steady at 4% today compared to 4.125% a year ago.

Low inventory coupled with low interest rates drive a competitive buying environment and more appreciation. All signs show this trend continuing.