Sales of Boulder County homes dipped in July, which could be the sign of a typical seasonal pullback.
Single-family home sales in Boulder County dropped 15.3 percent in July 2016 compared to last month – 443 units vs. 523 – while condominium and townhome sales fell 17.8 percent – 138 units vs. 168 units.
“This is a fairly significant pullback for July,” said Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.
But Hotard thinks factors could mean this is more than a summer slowdown, including rising prices, tight credit, and continued inventory challenges.
“Buyers slowed their activity significantly in the month of July. There was some improvement in inventory, but not enough. Inventory continues to…