Residential market will be in unchartered territory in 2018

BOULDER — Despite attractive mortgage interest rates and a strong job market, the 2018 outlook for the residential real estate market in the Boulder Valley may not be all that rosy.

D.B. Wilson, manager at ReMax of Boulder, told a group of Realtors on Wednesday at BizWest’s annual Boulder Valley Real Estate Conference that he is concerned about affordability as home prices continue to increase throughout the region, and because there is an “extremely low” inventory of homes in local markets.

“I’d say we are in unchartered territory, and there are no big housing developments planned,” Wilson said. “The number of home sales through the first three quarters of 2017 is up compared with last year, but lower than 2015.”

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