Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Uncategorized • January 12, 2021

Early read on 2020 Boulder County single family sales

by Michael Malec

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!

Related Articles
Uncategorized Annual sales slowdown Last month I expressed my uncertainty about many aspects of our current market. One thing I am fairly certain about, we will have fewer sales this year than 2022 which was itself a low sales year. The scale of the drop in sales is stunning when you realize we had fewer sales last year than […]
Uncategorized A long range look at the market Whenever the market and the signals from the metrics I track are confusing me, I usually try to zoom out and look at the bigger picture. Is what we’re seeing within the bounds of prior experience? If not, why? If so, how does the current situation differ from the guidelines of the past? This current […]
Uncategorized Is this the Start of the Summer Slump? Seasonal patterns in the real estate market are the underlying bedrock of many of our statistics. We don’t always follow those seasonal patterns as short-term effects can override the typical seasonal patterns, but when there isn’t any outside influence pushing the market hotter or colder, we generally revert back to our seasonal patterns. The seasonal […]
RE/MAX of Boulder, Inc. - RE/MAX of Boulder
Terms of Use  &  Privacy Policy
Accessibility Statement | Fair Housing Notice
© 2023 RE/MAX of Boulder, Inc.