Distinctive Stats: Has real estate bubble burst in Boulder market?

Sales were off significantly in June.

Year-to-date home sales are down 266, or 12.2 percent, compared with last year. June sales declined 32.3 percent compared with the May numbers. Why such a significant decline in month-to-month sales? Is this a lack of quality inventory or has the market peaked?

Generally, the market within the city of Boulder is down less than surrounding areas and almost all price points seem to be affected. The only segment that was up in Boulder is luxury homes above $1.2 million, which saw a modest 2.5 percent increase.

The data is telling us that Boulder homes below…