Happy Halloween!! This week the MEDIAN LIST PRICE for Boulder, CO is $1,900,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at 195 (which is down from 200 last week). Inventory of condos has also decreased slightly to 67 units
I have been saying this for the last 5 months, but the market has been cooling and prices have plateaued. I fully expect values to remain strong over the long run however and I am not worried about a large decline in values in our local market
The average days on market has climbed again to 35 days for homes listed at $925K and below and 42 days on market for homes listed at $1,425,000 and below. With homes listed at $2.5M and below, the average days on market is now at 63 days on average.
As far as rates go, we have continued to see the 1-year treasury index to hold steady around 4.6% while to 10-year treasury index has actually dropped to just over 4.03%. This is down from the high of around 4.24% last week. Overall, rates continue to remain volatile and seem to have dramatic movement every time a new economic report comes out and each time the Fed comments on their plan to raise rates. Therefore, I highly recommend if you find a home you want to buy, make a strong offer and lock in your rate as soon as you can.
