The Year Ahead: 2014
The Boulder County real estate market ended strong in 2013 and all signs point to this year's market looking a lot like last year's: low inventory coupled with low interest rates resulting in a competitive buying environment and more appreciation.
Even though the market will be competitive for buyers, excellent conditions persist and it's worth your while to take advantage of them - either by making a move or investing. Interest rates continue to be historically low, so now is a good time to buy or refinance. Also, low inventory conditions will continue for the foreseeable future and may just be the "new normal." So waiting to buy may only result in a higher price down the road.
For sellers, getting on the market now -- instead of waiting for the traditional spring selling rush -- will likely net a better price. The ratio of listings to buyers is lower in the first quarter, and this generally results in a higher sense of urgency for buyers and thus a better environment for sellers.