There were some encouraging signs for the Boulder Real Estate market in December 2011. Median home prices increased from $469,800 to $521,000, that’s an increase of 10.9% from Dec. 2010. Another positive sign is that homes seem to be selling faster, with the average time taken to sell a home being 92 days, compared to 121 days a year ago. Inventory levels are also coming down, with 254 home listed for sale in 2011 compared to 291 in 2010. All in all these are very encouraging signs that the single family home local market is holding up well.
In comparison theBouldercondo market is not doing so well. While condo prices are holding their ground, they are taking a long time to sell. The average time taken to sell a condo in December was 144 days, compared to 105 a year earlier. On the bright side the condos for sale inventory level is falling, going from 345 to 282.