ALTOS Research, a real estate research company that gives subscribers real-time research statistics, attempts to quantify "buyer's market" and "seller's market" using a "Market Action Index" or "MAI." The MAI is a statistical function of the current rate of sales versus current inventory. An MAI value of 30 or greater typically shows a hot market for sellers while an MAI less than 30 typically indicates a buyer's market.
This week ALTOS shows a 90-day MAI of 17 for Boulder, Colorado. Thus, statistically speaking, Boulder is a buyer's market. However, home sales have been exceeding new inventory in Boulder for several weeks now and prices seem to have responded by moving upward. If the demand trends continue, Boulder housing prices may continue upward and the MAI will grativate toward that of a seller's market.
Regardless of what statistics tell us, low interest rates are spurring buyer's to act in and around Boulder. With real estate's prime selling season coinciding with historically low interest rates (and pending government incentives to buy homes), this spring may be a great time to be a seller in Boulder, Colorado!
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