Unlike most of the nation, the Boulder County market remains stable

The latest real estate sales statistics for Boulder County reflect slower state and national economies, but they’re not a mirror image.

“These statistics are not reflective of a strong, expanding, growing market; they much more reflective of a stable, flat marketplace,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor Association. “Fortunately, the numbers are not suggesting a declining marketplace, as you might find in a number of locations. This is one of those periods when national and state economic conditions are being reflected in this market place and the market’s weak – a temporary condition.”

Some people are now purchasing real estate in anticipation of an improving market within a foreseeable future, he says. They are seeing activities such as job growth and an expanding renewable energy industry that lead them to determine that the housing market will not only rebound, but grow healthily.

The corridor from Boulder to Fort Collins is becoming the “epicenter for renewable energy” not only for the state, but for the country, and that will bode well for the housing market in the area, Hotard says.

While only two areas – Erie and the plains – saw an increase in sales and the remaining areas saw a decrease in June compared with the same month last year, most Boulder communities experienced a decrease in the average days to contract.

“I think you’re seeing competitive pricing, I think you’re seeing inventory reductions,” Hotard says.

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