Inventory continues to drive strength of local market

April was another good month for real estate in the Boulder Valley. It was somewhat weaker than March; but that can be attributed to low levels of inventory, particularly at the lower end of the market.

For homes under $750,000, April sales were off by 117 units compared with March.

Homes above $750,000 were up 30 units. The upper end of the market shows modest improvements, although higher inventory in this segment continues to be problematic and significant discounts play a part in most transactions.

Real estate values are determined by location, and Boulder continues to drive the regional market with Louisville, Lafayette…