Boulder Market Stats: November 2024
What: All-new Boulder market stats for November are here! Download and post the social media graphic to stay in front of your people, or link to the blog post for a complete look at the numbers.
Sharing on Social Media:
- Click here to share the stats blog on Facebook and LinkedIn. The post text below also links to the blog, not the full report (PDF) which you can download.
- Download and post the graphic with a caption such as: Last month, Boulder’s real estate market slowed. Prices decreased and days on market increased. However, home inventory also continues to decline, which could lead to more competition in the coming months. Reach out to discuss, more info at bit.ly/boulderstats-nov24.
Snapshot: New listings of single-family homes in Boulder fell from 84 in October to 35 in November and by 31.4% compared to 2023. Home sales decreased month-over-month, but increased by 15.7% year-over-year. The median price of $1,270,000 was 7.1% below 2023, and days on market reached 86, which is 30.3% higher than last year. November closed with 3.2 months of inventory, which is a number that has consistently been declining since it peaked in July at 5.2 months.
Did You Know? At the recent NAR economic and real estate summit, panelists aligned on the topic of mortgages. They expect rates to remain elevated in 2025, hanging around 6-6.5% throughout much of the year — even if the Federal Reserve continues to cut rates.