Boulder Real Estate Market Insights | April 2026

The defining trend in the City of Boulder this May was a pullback in new supply paired with steady buyer activity. Fewer homes came to market across every segment, while the number of homes going under contract increased year over year, reducing inventory in both single-family price tiers.

For single-family homes under $2M, 81 homes went under contract in May, +23% YoY, while closed sales fell -13% YoY to 70. New homes coming to market dropped -26% YoY to 98, and months supply fell -27% YoY to 3.0 months. Fewer homes coming to market often leads to more competition, and we have seen multiple offers on many properties in this price range in recent weeks.

In the luxury segment ($2M+), the pattern was similar but more muted. Homes under contract rose +4% YoY to 24, while closed sales fell -31% YoY to 18 and new homes to market declined -37% YoY to 46. Months supply fell -11% YoY to 10.1 months.

The ultra-luxury segment ($5M+) had a notable month. Five homes went under contract, matching the highest monthly total of the past decade. Two homes in this price range closed in May at a median price of $5,650,000.

The condo market continued to soften. Among City of Boulder townhomes and condos, closed sales fell -28% YoY, homes under contract fell -26% YoY, and months supply rose +12% YoY to 6.4 months. The same trend extends countywide, where attached months supply rose +10% YoY to 5.6 months.

Conditions across the rest of Boulder County remained noticeably tighter than in the City of Boulder. Louisville and Lafayette both saw inventory thin considerably, with months supply falling -32% YoY to 2.5 months and -41% YoY to 2.4 months respectively, as fewer homes came to market in both communities. Lafayette closed sales rose +14% YoY. Longmont posted the strongest buyer activity in the county, with closed sales +8% YoY and homes under contract +14% YoY, while months supply held steady at 3.2 months. At these supply levels, all three communities sit firmly in seller's market territory, and well-priced homes are moving quickly.