With Fall in full swing and the third quarter wrapping up, over the next weeks we'll review a few valuable real estate statistics for Boulder County. All data discussed are provided by the IRES MLS.
As of October, the total active residential single family listings in Boulder County totals 1,060. That is almost a 20% decrease from this time last year. Directly related to the decrease in active listings has been the decrease in the numbers of months of inventory, which was 4.7 months in the third quarter of 2012, now sits at 3.2 months; nearly a 32% drop. These statistics would say that it is a seller market as low inventories create competitive environments amongst buyers which is usually an advantageous position for the selling party.
Check back here as we continue to break down Boulder County real estate statistics through the first three quarters of 2013.