2023 Q3 Boulder County SFH Housing Statistics

Boulder County Real Estate Report Third Quarter 2023

FHFA HPI by Census Division Percent Change in House Prices

Purchase-Only FHFA HPI (Seasonally Adjusted, Nominal)

Period ended 2023 Q2

Census Division

Rank

United States

1-Quarter

1-Year

5-Years

Since 1991Q1

1.68

3.02

57.27

297.66

East North Central Division

1

2.15

5.4

54.04

222.07

New England Division

2

2.18

5.34

59.34

274.23

Middle Atlantic Division

3

2.26

4.98

52.31

248.93

East South Central Division

4

0.7

4.49

62.32

272.6

South Atlantic Division

5

1.67

4.37

68.17

327.81

West North Central Division

6

1.57

4.36

49.96

276.73

West South Central Division

7

1.56

2.64

52.89

309.38

Pacific Division

8

1.6

-2

49.34

342.46

Mountain Division

9

1.07

-2.1

66.2

465.15

FHFA HPI by Metropolitan Area Since 1991Q2 Percent Change in House Prices

Purchase-Only FHFA HPI (Seasonally Adjusted, Nominal)

Period ended 2023 Q2

Metropolitan Area Missoula, MT Salt Lake City, UT Austin-Round Rock-Georgetown, TX Boulder, CO Bend, OR Coeur d'Alene, ID Denver-Aurora-Lakewood, CO Miami-Miami Beach-Kendall, FL Albany-Lebanon, OR Fort Collins, CO Provo-Orem, UT Boise City, ID Portland-Vancouver-Hillsboro, OR-WA Ogden-Clearfield, UT Naples-Marco Island, FL Logan, UT-ID Greeley, CO Wenatchee, WA Flagstaff, AZ Salem, OR Charleston-North Charleston, SC Asheville, NC Grand Junction, CO

Rank 113 230 249 228 205 238 223 9 218 180 229 248 227 236 11 221 190 193 199 181 30 23 128

1-Quarter 4.46 2.19 -1 3.85 3.61 -0.69 2.8 2.51 2.15 1.41 1.99 2.96 3.4 1.95 1.2 0.37 1.76 -0.02 1.97 3.89 4.18 6.08 4.07

1-Year 5.83 -2.64 -8.42 -2.22 0.71 -3.5 -1.71 11.54 -0.73 2.39 -2.47 -6.17 -1.95 -3.34 11.49 -1.17 1.79 1.57 0.97 2.32 9.1 9.44 5.26

5-Years 81.63 67.42 65.6 43.22 68.06 87.28 48.5 77.38 63.09 49.67 69.06 82.61 41.69 71.39 86.41 79.3 51.25 59.84 69.24 57.38 68.95 71.56 66.91

Since 1991Q1 667.05 607.97 604.18 599.52 597.81 571.89 568.27 566.13 558.54 530.5 520.99 514.94 510.24 492.95 492.85 491.59 480.19 479.44 476.92 475.19 468.95 467.91 464.25

3. Boulder, CO Home to the University of Colorado’s flagship campus, Boulder ranks third-best for housing market growth and stability. Between 1998 and 2022, home prices rose 256.48%, 33rd-most out of the 400 metro areas. While Boulder hasn’t experienced quite the same population spike as the top two cities for housing and growth, it hosts offices of Google and IBM and has a reputation as a startup city.

Local Housing Statistics By Area

Single-Family

Boulder County Boulder County

Single Family Q3

Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/23

2023 645 $875,000 $1,171,444 98.3% 57 1594 489 3.6 30% 7.31%

% Change 8.2% -2.7% 0.5% -3.9% 46.2% -17.2% 57.2% 28.6% -16.7% 19.6%

2022 596 $899,000 $1,165,630 102.3% 39 1924 311 2.8 36% 6.11%

2 yr. Chg 33.0% 7.0% 12.0% -3.7% 29.5% -36.8% 45.1% 111.8% -53.1% 152.1%

2021 485 $817,500 $1,045,652 102.1% 44 2524 337 1.7 64% 2.90%

CityCounty of Boulder Boulder

Single Family Q3

Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/2023

2023 % Change 199 30.1% $1,450,500 -2.7% $1,832,083 4.6% 97.6% -4.5% 56 40.0% 400 -7.2% 158 88.1% 4.5 40.6% 24% -29.4% 7.31% 19.6%

2022 153 $1,490,000 $1,750,882 102.2% 40 431 84 3.2 34% 6.11%

2 yr. Chg 50.8% 9.5% 14.8% -3.3% 14.3% -32.3% 17.0% 125.0% -59.3% 152.1%

2021 132 $1,325,000 $1,596,401 100.9% 49 591 135 2 59% 2.90%

City of Louisville Boulder County

Single Family Q3

2023 Total Active Listings 25 Median Sales Price $900,000 Average Sales Price $1,018,094 SP/LP Ratio 100.3% Average Market Time 46 Number of Sales YTD 103 Expired Listings 17 Months of Inventory 2.2 % Under Contract 32% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023

% Change -34.2% -9.1% -7.7% -4.0% 48.4% -17.6% -5.6% -18.5% -23.8% 19.6%

2022 38 $990,000 $1,102,905 104.5% 31 125 18 2.7 42% 6.11%

2 yr. Chg 56.3% 5.9% 9.0% -3.9% 58.6% -28.0% 88.9% 120.0% -57.3% 152.1%

2021 16 $850,000 $933,772 104.4% 29 143 9 1 75% 2.90%

Boulder County City of Lafayette

Single Family Q3

2023 Total Active Listings 42 Median Sales Price $840,000 Average Sales Price $901,968 SP/LP Ratio 99.8% Average Market Time 43 Number of Sales YTD 99 Expired Listings 28 Months of Inventory 3.8 % Under Contract 31% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023

% Change -23.6% -12.5% -11.7% -4.1% 2.4% -36.9% -3.4% 18.8% -22.5% 19.6%

2022 55 $959,990 $1,021,846 104.0% 42 157 29 3.2 40% 6.11%

2 yr. Chg 10.5% 9.7% 11.0% -4.6% -2.3% -50.5% 47.4% 280.0% -53.0% 152.1%

2021 38 $766,000 $812,369 104.6% 44 200 19 1 66% 2.90%

City ofCounty Longmont Boulder

Single Family Q3

2023 Total Active Listings 167 Median Sales Price $611,856 Average Sales Price $662,925 SP/LP Ratio 99.5% Average Market Time 51 Number of Sales YTD 499 Expired Listings 106 Months of Inventory 3 % Under Contract 40% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023

% Change 5.0% -1.8% -1.5% -4.4% 64.5% -16.7% 116.3% 25.0% 0.0% 19.6%

2022 159 $623,000 $673,181 104.1% 31 599 49 2.4 40% 6.11%

2 yr. Chg 1.8% 14.2% 12.8% -4.3% 59.4% -38.6% 112.0% 66.7% -46.7% 152.1%

2021 164 $536,000 $587,791 104.0% 32 813 50 1.8 75% 2.90%

Boulder County Suburban Plains

Single Family Q3

2023 Total Active Listings 124 Median Sales Price $1,000,000 Average Sales Price $1,295,819 SP/LP Ratio 97.9% Average Market Time 68 Number of Sales YTD 273 Expired Listings 104 Months of Inventory 4.1 % Under Contract 24% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023

% Change 8.8% 3.6% -2.5% -2.8% 54.5% -22.7% 76.3% 41.4% -25.0% 19.6%

2022 114 $965,000 $1,329,718 100.7% 44 353 59 2.9 32% 6.11%

2 yr. Chg 33.3% 6.4% -0.9% -3.4% 25.9% -34.5% 52.9% 105.0% -58.6% 152.1%

2021 93 $940,000 $1,307,251 101.3% 54 417 68 2 58% 2.90%

Boulder County Suburban Mountains

Single Family Q3

2023 Total Active Listings 75 Median Sales Price $895,000 Average Sales Price $1,222,852 SP/LP Ratio 97.3% Average Market Time 80 Number of Sales YTD 161 Expired Listings 63 Months of Inventory 4.2 % Under Contract 28% 30 Year Mortgage 7.31% From IRES MLS 10/3/2023

% Change 15.4% -10.1% -5.3% -3.1% 50.9% -16.1% 14.5% 40.0% -24.3% 19.6%

2022 65 $995,000 $1,291,792 100.4% 53 192 55 3 37% 6.11%

2 yr. Chg 15.4% 2.3% 15.6% -3.2% 21.2% -44.1% 21.2% 110.0% -49.1% 152.1%

2021 65 $875,000 $1,057,980 100.5% 66 288 52 2 55% 2.90%

Boulder Town County of Superior

Single Family Q3

Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES MLS 10/3/2023

2023 28 $930,000 $969,937 98.8% 52 49 11 5.1 36% 7.31%

% Change -12.5% -7.0% -6.0% -5.7% 52.9% -22.2% -15.4% 10.9% 16.1% 19.6%

2022 32 $1,000,000 $1,032,357 104.8% 34 63 13 4.6 31% 6.11%

2 yr. Chg 55.6% -4.8% -4.5% -9.2% 57.6% -26.9% 450.0% 112.5% -35.7% 152.1%

2021 18 $976,700 $1,015,437 108.8% 33 67 2 2.4 56% 2.90%

City of County Broomfield Boulder

Single Family Q3

Total Active Listings Median Sales Price Average Sales Price SP/LP Ratio Average Market Time Number of Sales YTD Expired Listings Months of Inventory % Under Contract 30 Year Mortgage From IRES and RECO MLS 10/3/2023

2023 173 $708,750 $795,217 99.2% 34 536 87 2.9 34% 7.31%

% Change

2022

2 yr. Chg

2021

0.2% 0.7% -3.7% 41.7%

$707,200 $789,702 103.1% 24

5.8% 8.5% -4.2% 3.0%

$670,000 $733,073 103.6% 33

45.0% -49.3% 19.6%

2 67% 6.11%

81.3% -50.7% 152.1%

1.6 69% 2.90%

BoulderTown County of Erie

Single Family Q3

2023 Total Active Listings 242 Median Sales Price $740,000 Average Sales Price $809,001 SP/LP Ratio 98.9% Average Market Time 46 Number of Sales YTD 439 Expired Listings 90 Months of Inventory 5 % Under Contract 41% 30 Year Mortgage 7.31% From IRES and RECO MLS 10/3/2023

% Change

2022

2 yr. Chg

2021

-8.1% -7.1% -3.9% 53.3%

$805,000 $871,087 103.0% 30

8.8% 10.0% -4.8% 43.8%

$680,000 $735,430 103.9% 32

100.0% -14.6% 19.6%

2.5 48% 6.11%

150.0% -43.1% 152.1%

2 72% 2.90%

Single-Family Recap

Typical % Change by Quarter Change in Single-Family Avg $ from 2nd Qtr YTD and 3rd Qtr YTD Numbers 2016

2017

2018

2019

2020

2021

2022

2023

Boulder

-0.34%

-1.90%

-2.37%

1.24%

2.37%

-2.42%

-1.82%

-5.46%

Louisville

-0.21%

-1.06%

-0.51%

-3.40%

-0.77%

-0.16%

-2.43%

0.67%

Lafayette

0.41%

-0.84%

0.39%

2.19%

4.75%

1.54%

-2.32%

-2.98%

Longmont

2.18%

-0.78%

1.99%

0.68%

2.54%

2.42%

-1.22%

-1.03%

Plains

1.66%

0.81%

0.32%

0.23%

4.04%

3.55%

-4.46%

-3.70%

Mountains

-0.02%

-5.71%

4.17%

-6.06%

2.63%

-4.59%

-4.79%

-2.11%

Superior

-2.66%

-0.59%

-0.06%

2.44%

5.78%

5.20%

-0.26%

-3.16%

Boulder County

-0.92%

-1.29%

-1.59%

0.29%

4.80%

-0.99%

-2.57%

-3.33%

Change in Single-Family Median $ from 2nd Qtr YTD and 3rd Qtr YTD Numbers 2016

2017

2018

2019

2020

2021

2022

2023

Boulder

-1.16%

-1.47%

-1.18%

0.00%

1.79%

-3.64%

-0.67%

-1.66%

Louisville

-4.66%

-4.69%

-1.27%

-0.76%

2.96%

0.00%

-4.81%

-0.50%

Lafayette

1.67%

-0.38%

1.90%

0.00%

4.46%

-0.65%

-1.15%

-13.51%

Longmont

2.57%

0.00%

1.41%

0.00%

2.83%

2.10%

-1.89%

-0.51%

Plains

0.41%

0.88%

1.58%

-2.03%

7.39%

-0.74%

-2.53%

1.32%

Mountains

-1.79%

-3.91%

0.35%

-10.48%

4.56%

-2.78%

-16.07%

-4.79%

Superior

-5.42%

0.00%

0.19%

2.79%

3.96%

4.46%

2.77%

-2.92%

Boulder County

-0.15%

-1.32%

-1.64%

-1.63%

4.49%

-0.97%

-3.85%

-1.43%

NUMBER SINGLE FAMILY SOLD BY AREA THROUGH 3 QUARTERS Boulder Louisville Lafayette Longmont Plains Mountains Superior Boulder County Broomfield Erie

2019 495 170 238 920 458 282 102 2598 364 394

2020 536 159 240 952 470 215 96 2697 329 406

2021 591 143 200 813 417 288 67 2524 215 237

2022 431 125 157 599 353 192 63 1924 152 231

2023 400 103 99 499 273 161 49 1,594 536 439

Single Family Median Price by Area Through 3 Quarters 2019

2020

2021

2022

2023

Boulder

$990,000

$995,000

$1,325,000 $1,490,000

1,450,500

Louisville

655,000

695,000

850,000

990,000

900,000

Lafayette

590,000

585,000

766,000

959,990

840,000

Longmont

435,000

463,750

536,000

623,000

611,856

Plains

675,000

712,500

940,000

965,000

1,000,000

Mountains

554,100

665,000

875,000

995,000

895,000

Superior

670,166

670,000

976,700

1,000,000

930,000

Boulder County

599,945

630,000

817,500

899,000

875,000

Broomfield

561,000

575,000

670,000

707,200

708,750

Erie

540,000

569,000

680,000

805,000

740,000

Single Family Average Sales Price Through 3 Quarters 2019

2020

2021

2022

2023

Boulder

$1,245,000

$1,250,000

$1,596,401

$1,750,882

$1,832,083

Louisville

735,330

759,463

933,772

1,102,905

1,018,094

Lafayette

630,798

644,392

812,369

1,021,846

901,968

Longmont

467,945

503,280

587,791

673,181

662,925

Plains

844,558

892,890

1,307,251

1,329,718

1,295,819

Mountains

746,467

808,939

1,057,980

1,291,792

1,222,852

Superior

702,561

705,120

1,015,437

1,032,357

969,937

Boulder County

753,405

779,934

1,045,652

1,165,630

1,171,444

Broomfield

600,474

638,050

733,073

789,702

795,217

Erie

588,524

592,000

735,430

871,087

809,001

% U/C End of 3rd Quarter

Boulder Louisville Lafaye e Longmont Sub. Plains Mountains Superior Boulder County Broomfield Erie

2019

2020

2021

2022

2023

24% 51% 46% 41% 32% 25% 60% 35% 50% 39%

38% 59% 61% 71% 49% 34% 60% 53% 67% 66%

59% 75% 66% 75% 58% 55% 56% 64% 69% 72%

34% 42% 40% 40% 32% 37% 31% 36% 67% 48%

24% 32% 31% 40% 24% 28% 36% 30% 34% 41%

Rolling year comparison – Oct 1 through Sept 30

Boulder Louisville Lafaye e Longmont Plains Mountains Superior Boulder Cnty Broomfield Erie

Median Sales Price 2021 2022 2023 Diff 1250 1460 1400 -4.1% 825 975 875 -10.3% 731 867 840 -3.1% 520 600 600 0.0% 895 938 976 4.1% 830 925 880 -4.9% 897 1000 850 -15.0% 771 875 855 -2.3% 633 685 614 -10.4% 645 760 736 -3.2%

High 2022 2022 2022 2022 2023 2022 2022 2022 2022 2022

2021 1554 899 775 569 1213 1016 936 994 702 703

Average Sales Price 2022 2023 Diff 1738 1810 4.1% 1081 993 -8.1% 963 903 -6.2% 654 651 -0.5% 1264 1258 -0.5% 1265 1162 -8.1% 1035 937 -9.5% 1134 1144 0.9% 760 731 -3.8% 832 794 -4.6%

High 2023 2022 2022 2022 2022 2022 2022 2023 2022 2022

Luxury Market

$1M + Boulder County Single Family and Attached Dwelling Through 3rd Quarter 2023 SOLD

DOM

SP/LP

% Sales over $1 Million

2016

328

100

97.3%

9.6%

2017

366

87

97.0%

10.3%

2018

484

76

97.5%

13.6%

2019

449

85

97.3%

12.4%

2020

520

82

97.5%

13.9%

2021

907

66

100.8%

29.1%

2022

926

57

102.0%

33.5%

2023

692

65

97.8%

31.0%

$1,000,000 – $2,000,000 Single Family Through 3rd Quarter Boulder County

2019

2020

2021

2022

2023

Total Ac ve Lis ngs

227

169

141

167

213

% Under Contract

19.4%

38.5%

51.8%

32.3%

25.8%

Number Sold

331

385

629

637

481

Average Days on Mkt

73

71

51

31

52

% of Total Market Sold

12.8%

14.3%

24.9%

33.1%

30.2%

City of Boulder

2019

2020

2021

2022

2023

Total Ac ve Lis ngs

80

73

53

61

78

% Under Contract

20.0%

41.0%

62.3%

36.1%

25.6%

Number Sold

184

205

291

257

201

Average Days on Mkt

57

61

49

33

47

% of Total Market Sold

37.2%

38.2%

49.2%

59.6%

50.3%

$2,000,000 and up Single Family Through 3rd Quarter Boulder County

2019

2020

2021

2022

2023

Total Ac ve Lis ngs

122

65

101

135

189

% Under Contract

13.1%

18.5%

34.7%

13.3%

18.5%

Number Sold

88

93

225

198

178

Average Days on Mkt

96

106

88

56

90

% of Total Market Sold

3.4%

3.4%

8.9%

10.3%

11.2%

City of Boulder

2019

2020

2021

2022

2023

Total Ac ve Lis ngs

67

63

51

71

96

% Under Contract

17.9%

22.2%

43.1%

14.1%

19.8%

Number Sold

60

61

132

106

113

Average Days on Mkt

86

74

69

57

75

12.1%

11.4%

22.3%

24.6%

28.3%

% of total market

2023 Third Quarter Boulder County Housing Market Statistics Contact Janet with any questions 720.938.4197