Boulder market snapshot – January 28, 2017

January 28, 2017:  As of today, there are 105 single-family homes listed for sale on the MLS in Boulder proper.

Lowest list price:  $515,000
Highest list price:  $6,950,000
Average list price:  $1,511,638
Median list price:  $1,295,000
Of these homes, 39 are already under contract, pending or taking backup offers which leaves only 66 homes available for sale.  Let’s break down these available homes:
Homes listed under $1,000,000:   40 (17 actives, 23 under contract)
Homes listed $1,000,000-$2,000,000:  46 (32 actives, 14 under contract)
Homes listed $2,000,000 and above:  19 (all actives)
Based on the past six months, how long will it take to sell your house?
Absorption rate under $1M:   0.52 months
Absorption rate $1M-$2M:  2.60 months
Absorption rate $2M and above:  5.43 months