Numbers Listed & Sold

 

Introductory Comments

In normal real estate markets, the number of homes sold each month or year is understood to be a function of buyer demand.  If there are lots of motivated buyers, there will be lots of sales and prices will rise.  If there aren’t, there will be fewer sales and prices will level out.

Beginning with the market downturn of 2008-2011, Realtors in the Boulder and Denver metro areas were shocked to learn what now looks like a fairly obvious truth, that is, a normal real estate market requires not only buyers, but sellers.  Since 2008, and particularly since buyers flooded back into the market in 20012 and 2013, we’ve found that sales numbers are dependent on “housing inventory,” the number of homes that are on the market.  And while inventory is partly a function of how quickly buyers are removing homes from the market, it is also a function of how many home owners are listing and selling their homes.  If there aren’t many homes for sale, not many will sell.

So we begin this section with some stats on how many homes sellers are listing, follow that with stats on how many are on the market (both “available” and “under contract), and finish with stats on numbers of sales.

To understand our current housing market, you need at least a cursory review of these data on listing numbers and housing inventory.  We discuss some of the factors behind these numbers in our page titled Current Market and Market History.

The stats on sales numbers are also helpful in many ways.  In addition to illustrating whether sales are increasing or decreasing in number, they help you understand the mix of homes in various communities.

If you’re thinking of buying a condo or townhome, the sales stats tell you that sales in Boulder are 2 -3 times those in any other community in the area.  If you need to buy in a more affordable location, you’ll see that there are more than twice as many selling in Lafayette than Louisville, almost as many there as in the much larger city of Longmont.

In contrast, if you’re looking for a large home in a smaller community, sales numbers in Gunbarrel, Louisville, Lafayette and Superior are nearly identical, while the sales numbers for these homes in Erie has moved from near zero in the 1990s to about triple that of these other communities in recent years, reflecting new builds in Erie that are rare elsewhere in Boulder County.  You can learn a lot about the local market if you linger a bit with these numbers.

Number of New Listings Each Month

Number of New Listings Each Month

Numbers of New Listings Compared to Normal Market

Percent Change in New Listings Compared to Normal Market

Number of Homes on the Market: Inventory

Number of Homes on Market: Available & Under Contract

Number of Homes on Market Compared to Normal Market

Percent Change in Number on Market Compared to Normal Market

Number of Homes Sold Annually

Number of Homes Sold Annually: Comparing Communities

Number Sold Compared to Normal Market: Data Grouped by City

Number Sold Compared to Normal Market: Data Grouped by Year

If you’d like to focus on data from only one of the communities we cover (e.g., Boulder or Longmont), or if you want to compare pricing changes for different sizes or types of homes within a single community, you should check out our section entitled Stats for Each Community.

If you’re interested in stats for neighborhoods in Boulder & Longmont, or in stats for some of the small towns or rural moutains and plains of Boulder County, see our section titled Towns, Rural Areas, & Neighborhoods.

For important information on how to read our stats, how to use them, and how they were generated, please CLICK HERE.