Median Home Prices Up Across Region as Inventories Fall; Sales Volume Soars

Higher prices are being driven by declining inventories and strong demand, said Ryan Carter, president of Boulder-based 8z Real Estate in a recent article featured on Colorado Daily.

Median home prices soared in the Boulder Valley and Northern Colorado in October as the region continued to experience declining inventories and pent-up demand from economic shutdowns this year.

Data released by Information and Real Estate Services LLC, the Loveland-based multiple listing service for the region, shows strong activity throughout the region, with gains in median home prices nearing or exceeding 10% compared with October 2019.

“I think it really can be summed up in a sentence, and that is, ‘Continued high demand and low inventory,’” Carter said. “The demand is just outpacing the supply, as those numbers represent, which is causing upward pressure on pricing. And that is reflected in active listings being down, showing low inventory, which is causing that increase in pricing and high buyer demand. So volume is up as a cause of that.”

Take a deeper look at the sales-trends in the Boulder and Northern Colorado area in the full article here.

 

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About 8z Real Estate:

8z Real Estate is a real estate brokerage built from the ground up to empower home buyers and sellers with unmatched market data and online tools, combined with the knowledge and expertise of professionals on the ground. Realtors implement a client-centric approach to real estate transactions. Proactive, honest and trustworthy, 8z brokers listen to clients’ needs, address their concerns and deliver customized real estate solutions. Each Realtor specializes in specific neighborhoods throughout Colorado, allowing them to continually grow their knowledge base about the area in which they live and work as well as offer the “inside scoop” on everything local. For more information call 303-543-3083 and visit 8z.com

 

The Colorado Daily is a privately owned newspaper serving the University of Colorado and Boulder communities since 1892. The paper began as the Silver & Gold and was the student newspaper of the University of Colorado from 1892-1971, the last 15 years of that time as the Colorado Daily. The paper then moved off campus at CU s behests, became an independent Daily and a pioneer in the advertising supported free daily paper movement that today is seen all over the nation. The Colorado Daily was among the first, if not the first, newspapers to publish under this model. Take a closer look here.

November 11, 2020

Contact Email: pr@8z.com

About 8z Real Estate:

8z Real Estate is a real estate brokerage built from the ground up to empower home buyers and sellers with unmatched market data and online tools, combined with the knowledge and expertise of professionals on the ground. Realtors implement a client-centric approach to real estate transactions. Proactive, honest and trustworthy, 8z brokers listen to clients’ needs, address their concerns and deliver customized real estate solutions. Each Realtor specializes in specific neighborhoods throughout Colorado, allowing them to continually grow their knowledge base about the area in which they live and work as well as offer the “inside scoop” on everything local. For more information call 303-543-3083 and visit 8z.com

 

The Colorado Daily is a privately owned newspaper serving the University of Colorado and Boulder communities since 1892. The paper began as the Silver & Gold and was the student newspaper of the University of Colorado from 1892-1971, the last 15 years of that time as the Colorado Daily. The paper then moved off campus at CU s behests, became an independent Daily and a pioneer in the advertising supported free daily paper movement that today is seen all over the nation. The Colorado Daily was among the first, if not the first, newspapers to publish under this model. Take a closer look here.

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