​​The last few years of non-normal have totally disrupted the real estate market and cadence, and yet we’re trending to what was “normal.”  For Colorado, Boulder specifically, that seasonality was as follows: Spring is the busy season when buyers and sellers are most active. Then it slows some in the Summer vacation season. It picks up some in fall as students return to school, followed by another slow-down during the holidays.

That’s what it was. The pandemic caused higher demand as well as reduced inventory (for a variety of reasons) and upset that “normal” cadence. It didn’t matter when a listing came on the market, there were many eager buyers.

Then interest rates increased dramatically, and it seemed, for just a few months, that the real estate market took a vacation late last winter, well into March 2023. Our colleagues around the country, and in Boulder, wondered what 2023 would bring… Many were not so optimistic early on this year.

But, the show must go on! And thoughts changed as there is tremendous resiliency in the real estate market, in many markets and including Boulder.

Buyers who were in shock at interest rates. Sellers who thought 10%+ yearly appreciation was the norm. Both realized that rates were just what they were and if they could afford a home purchase, they would move forward because otherwise they’d just be paying the landlord’s mortgage forever. Sellers started to understand that they already had a huge value increase in the last 10 years and it was not going to continue at the same rate and if selling was good for them for personal reasons, then they would move forward.  For those of you who want to see the numbers in more detail, give us a call, we’d be happy to share numbers specifically for your situation, home, & neighborhood.  Some homes are sitting quite awhile, others are selling in the first weekend.  Some are selling below ask, others at ask, and a very few above.

In conclusion, Boulder real estate is looking at going back to seasonality and some normality.  It’s still super healthy if inventory-constrained at the moment in some price bands (IE not enough homes to go around)! A home or rental in our area has been and will continue to be a smart financial investment.

Call or text us at 720-295-1604 or send an email to info@homes-in-boulder.com