The 20-week average sell-through rate in the Boulder-Broomfield area is almost 92%, meaning that homes go under contract at a rate almost as fast as the rate they hit the market. Despite very competitive local market conditions, buyers that hang in there will have some advantages. The most impressive buyer incentive today is the historically low average mortgage interest rate. The 30-year fixed rate now averages 2.88%, facilitating a not-to-be-missed opportunity for buyers to get more for their money. The biggest current perk for sellers is the low housing inventory coupled with high buyer demand. The pandemic continues to bring an unprecedented number of potential buyers to Colorado. Homeowners can potentially earn more on their homes and sell them quickly as our “summer is the new spring” market continues to sizzle.
To get a more in-depth look at how Boulder and Broomfield counties have fared in the past month during COVID-19, click here.