Real estate statistics presented by Neil Kearney of Kearney Realty Co. in Boulder Colorado. Sales took a big drop in November. Down 8.4% from last November and down 12% from October. After 21 straight months of increased year-over-year sales we have now had two straight months of decline.
Year-to-date sales are still up 9.6%.
Inventory, or lack thereof, continues to be a challenge. At the end of October there were just 1440 total listings on the market (single family and condos). This is down from 1818 just two months ago.
We are like a two cylinder car running on full capacity, topping out at 45 mph. In order to have the market moving forward in 2014 we need to run on 8 cylinders.
Boulder County Real Estate November 2013 Statistics
1. Presented by Neil Kearney, MBA, CRS
303.818.4055
www.NeilKearney.com
Copyright 2013 Neil Kearney, Kearney Realty Co.
2. Boulder County Sales by Month
Single Family and Condos
700
Were down 8.4%
from last November
600
500
400
300
200
100
0
January
March
May
2009
July
2010
2011
2012
September
2013
Copyright 2013 Neil Kearney, Kearney Realty Co.
November
3. Number of Sales
Boulder County Single Family Only
Single Family
sales
decreased
12.9% from last
November
450
400
350
300
250
200
150
100
50
0
January
March
May
2008
July
2009
2010
2011
September
2012
2013
Copyright 2013 Neil Kearney, Kearney Realty Co.
November
4. Homes on the Market
Boulder County Residential
The inventory of
available homes
keeps dropping.
We are currently
down 38% from
the same point two
years ago.
3000
2500
2000
1500
1000
500
0
January
February
March
April
May
2007
June
2008
July
2009
2010
August
2011
Copyright 2013 Neil Kearney, Kearney Realty Co.
September October
2012
2013
November December
5. Boulder County - Percentage of Single Family Listings Under Contract
The under contract
percentage increased
this past month but
much of the increase is
due to falling inventory.
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
January
March
May
July
2008
2009
2010
September
2011
Copyright 2013 Neil Kearney, Kearney Realty Co.
2012
2013
November
6. Weekly Under Contract
180
The activity has been
falling over the last
month.
160
140
Axis Title
120
100
2010
2011
2012
80
2013
60
40
20
0
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Copyright 2013 Neil Kearney, Kearney Realty Co.
7. Boulder County Real Estate
Number Sold - Weekly
250
200
Sales
150
Sales are up 9.6%
year-to-date, but
closings were
down 8.4% in
November. The
spikes on this
graph show the
increased activity
at the end of each
month.
2010
2011
2012
2013
100
50
0
1 2 3 4 5 6 7 8 9 10111213141516171819202122232425262728293031323334353637383940414243444546474849505152
Copyright 2013 Neil Kearney, Kearney Realty Co.
8. Boulder County Real Estate
New Listings - Weekly
250
200
The flow of new listings
to the market hasn’t kept
up with the sales pace this
year. This has caused
shortages in supply and
has contributed to
increased prices.
150
2011
2010
2012
2013
100
50
0
1 2 3 4 5 6 7 8 9 10111213141516171819202122232425262728293031323334353637383940414243444546474849505152
Copyright 2013 Neil Kearney, Kearney Realty Co.
9. My View of the Market
Sales took a big drop in November. Down 8.4% from last
November and down 12% from October. After 21 straight
months of increased year-over-year sales we have now
had two straight months of decline.
Year-to-date sales are still up 9.6%.
Inventory, or lack thereof, continues to be a challenge. At
the end of October there were just 1440 total listings on
the market (single family and condos). This is down from
1818 just two months ago.
We are like a two cylinder car running on full capacity,
topping out at 45 mph. In order to have the market
moving forward in 2014 we need to run on 8 cylinders.
Copyright 2013 Neil Kearney, Kearney Realty Co.