Hope everyone had a wonderful holiday season and New Year’s! I wanted to give everyone a quick update on the how the market fared as we have most of the 2020 numbers in. I’ll be collecting, digesting, and analyzing the full 2020 numbers once they have all been reported in January of 2021. I have been repeating this for the last three months, but I’m still shocked that our Boulder County Single Family home sales have topped our 2019 numbers after we lost two of our busier months this spring to COVID lockdown, red circle below! A truly notable recovery.
Since 2020 has been such an outlier of a year, stats in 2021 may be interesting as we struggle to figure out how to compare this year’s numbers to the past. Do we compare to 2020, 2019, or possibly a long-term average? If we just compare to the previous year, the 2020 COVID distortions will be carried forward into 2021 and I think everyone would agree we want to move past 2020 as quickly and permanently as possible.
Wishing for everyone to have a remarkably successful 2021!