Let's try to make sense of some local real estate statistics. If you work in the Boulder County, CO area, please try to explain this to me.

First of all, everybody knows that as the surrounding towns' markets rise and fall, Boulder stays pretty steady, because it's surrounded by open space so overbuilding is out, and so many people want to live there that the rest of the economy just doesn't matter. Now, ask anybody in the real estate business what the worst market in Boulder County has been for the past 3 years, and it's unanymous - everybody will tell you it's Longmont without the slightest hesitation. Last, but certainly not least, everybody also "knows" that Louisville has been red hot for 18 months. Listings sell like hotcakes. Now , let's back that up with some cold, hard facts.

In Boulder as of today, there are 421 single family homes for sale, and 60 of those are under contract or pending closing. That's 14%.

In Louisville, the red hot market, there are only 78 homes for sale, 21 of those are under contract. That's 27%

In Longmont, where you can't sell a house to save your life, there are 825 houses for sale! That's a huge amount of inventory, but look at this! 214 are under contract or pending, a nice healthy 26%.

Is the market in Boulder slowing? Is Longmont actually selling at the same rate as Louisville? It sure looks like it.

Just thought I'd mention it.