Boulder County housing market off to sluggish start this year

The Boulder County housing market is slowing down.

Data from the Colorado Association of REALTORS® suggests fewer single-family homes were sold last month compared to a year ago, as more inventory became available. Single-family home sales fell about 23 percent and new listings grew more than 4. 2 percent.

“Consumer confidence is a bit shaky. That’s what is causing a sluggish start,” said Kelly Moye, a Broomfield-based RE/MAX Alliance REALTOR® and former president of the Boulder Area REALTOR® Association.

The January data reflects the volatility of stock markets in December and the partial federal shutdown, and it might not indicate a long-term trend for the year, Moye said.

Economists don’t foresee a recession ahead, at least this year, she said. “We could see these numbers improve quickly.”

The median sales price of townhouses and condos fell more than 8 percent to $365,000 last month from $399,950 in January of 2018.

“It’s the first decrease in median prices in Boulder County in five years,” Moye said.

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