Boulder Market Stats: September 2024
What: Fresh Boulder market stats for September are here! Download and post the social media graphic to stay in front of your people, or link to the blog post for a full breakdown of 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: While there was a bump in activity last month, Boulder’s five-month supply of inventory continues to give buyers negotiation power. However, a recent decrease in the federal interest rate could bring changes. Reach out to discuss, details at bit.ly/boulderstats-sept24.
Snapshot: In September, there were 129 new single-family home listings, an increase of 17 month-over-month yet 10.4% below 2023. While up slightly compared to 2023, DOM fell from 76 in August to 52 in September—likely due to the Fed lowering interest rates. As for median price, it came down again, from $1,325,000 in August to $1,155,000 in September. That’s also 8.5% below 2023. The month then closed with 334 active listings versus 338 in August, yet up by 8.8% YoY.
Did You Know? According to Sam Khater, Freddie Mac’s chief economist, “Zooming out to the bigger picture, mortgage rates have declined one and a half percentage points over the last 12 months, home price growth is slowing, inventory is increasing, and incomes continue to rise. As a result, the backdrop for homebuyers this fall is improving and should continue through the rest of the year.”