The Market Midway in 2012
The first half of the year is traditionally the most active time in our market. That trend has continued this year, but the market is more active than usual. We are experiencing the "Perfect Storm" to make Buyers get off the fence. Rental rates are up 6.7% and interest rates are down 19% over this time last year.
As a result, the number of sales of single family homes is up 21% in Boulder County, with the median sale price up 6%.
Attached dwelling sales are up 14% in Boulder County, with the median sales price up 12%. Well priced properties are going under contract quickly and the inventory is down substantially over last year. Clearly, it's a good time for Sellers to be on the market. For Buyers, with interest rates at historic lows, it's a great time to purchase a home or make an investment. Call me anytime to discuss how to make the current market work for you.