Brace yourself: The Boulder real estate market is currently experiencing strong demand and limited inventory.
According to recent data from the Colorado Association of Realtors, the median sales price for a single-family home in Boulder has increased by 9.4% over the past year, reaching $1,160,000 in September 2021. This trend is expected to continue, as Boulder’s thriving tech industry and high quality of life continue to attract new residents.
One of the key factors driving the strong demand in the Boulder real estate market is the limited inventory of available homes. In September 2021, the inventory of homes for sale in Boulder was down by almost 50% compared to the same time last year. This shortage of available homes has led to intense competition among buyers, with homes often receiving multiple offers and selling for above asking price.
Despite the high prices and competitive market, Boulder remains a popular destination for home buyers due to its strong economy and high quality of life. The city is home to a number of major tech companies, including Google and IBM, and has a thriving start-up scene. It is also known for its outdoor recreation opportunities, cultural attractions, and excellent schools.
Overall, the Boulder, CO real estate market is expected to remain strong in the coming months, with demand for homes remaining high and prices continuing to rise. For buyers looking to enter the market, it is important to be prepared to act quickly and to have a strong team of professionals on your side to help navigate the competitive landscape.
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