2008 Recession: It's Impact on Local Housing Markets
- The 2008 Recession: Impact on Our Local Housing Markets
- Data Organized to Facilitate Community Comparison
- Current Prices versus 2006|2007 "Peak" Prices
- 2001|2001 Prices versus 2006|2007 "Peak" Prices
- Housing Inventory: Number of Houses on Market 2004 to Date
- Number of Sales: Recent Years versus "Peak"
- Percent of Sales by HUD or Banks in Various Markets
- Quarterly Sales: Current Year versus Recent Years
- Asking Price versus Actual Sales Price
- Price Changes East of I25: Thornton, Firestone, Frederick, Brighton, Commerce City
- Data Organized on a Community by Community Basis
2008 Recession: Impact on Local Housing Markets
As indicated in our brief history of local housing prices, our markets showed a dramatic drop in numbers of sale following the financial crisis in 2008. There has also been a significant decline in prices in some areas since that time...and a leveling out of prices in others. In this section, we've pulled together data reported elsewhere on the site that illustrates what's happened in our markets since the downturn in 2008. In some of these charts, we are tracking data on a quarterly or even monthly basis in hopes of identifying early indicators that our markets are worsening or improving.
To compare what's happening with respect to housing prices in state and national markets, our local markets to broader state and national markets, check out this chart we've compiled based on data provided by the Federal Housing Finance Agency's House Price Index and these charts on major housing markets around the country compiled by the New York Times based on S&P/Case-Shiller data.
Data Organized to Facilitate Community Comparison
Current Prices versus 2006|2007 "Peak" Prices
2001|2002 Prices vs. 2006|2007 "Peak" Prices
Housing Inventory: Number of Houses on Market 2004 to Date
- Houses: Larger Communities
- Houses: Smaller Communities
- Condos/Townhomes: Larger Condo Markets
- Condos/Townhomes: Small Condo Market
- Summary Date on Change: Compare Peak 2006/2007 to Current Year
Number Sales Annually: Recent Years vs. 2004-2007 Peak
Percent of Sales by HUD or Banks in Various Markets
Number Sales Quarterly: Current Year vs. Prior Years
Asking Price versus Actual Sale Price
- Comparing Various Markets After the Downturn
- Relationship in Hot Market, Flat Market, and Recessionary Market
- Relationship where Property Goes Under Contract Quickly or After Long Delay
- Relationship where Seller is Bank/HUD versus Normal Seller
More Comparative Pricing Data
- Including Data on Thornton, Firestone, Frederick, Brighton and Commerce City
- Large Houses
- Mid-Sized Houses
- Small Houses
- Condos and Townhomes
Data Organized on Community by Community Basis
Boulder
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Gunbarrel
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Louisville
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Lafayette
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Superior
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Longmont
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Erie
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Arvada
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Broomfield
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Westminster
- Current Prices Compared to 2006:2007 Peak Prices
- Number of Sales Annually: Recent Years vs. Average for 2004-2007
- Number of Sales Quarterly: Current Year vs. Average 2008:2009
Click Here for important information on our stats and how they differ from the stats produced by the Boulder Area Realtor Association. Click Here for statistics from the Boulder Area Realtor Association. Select "Sales Statistics" from the menu on the right when you reach their site.
