Here is the Loveland CO November 2011 Real Estate Market Report:
November Property sales were 91, down 3.2% from 94 in November of 2010 and 4.2% lower than the 95 sales last month. November 2011 sales were at a mid level compared to November of 2010 and 2009. November year-to-date sales of 1,154 are running 1.0% behind last year's year-to-date sales of 1,166.
The Median Sales Price in November was $205,000, up 15.8% from $177,000 in November of 2010 and up 3.8% from $197,500 last month. The Average Sales Price in November was $246,792, up 3.9% from $237,564 in November of 2010 and up 3.9% from $237,546 last month. The November 2011 Average Sales Price was at the highest level compared to November of 2010 and 2009.
The Total Inventory of Properties available for sale as of November was 618, up 3.9% from 595 last month and down 13.1% from 711 in November of last year. November 2011 Inventory was at its lowest level compared with November of 2010 and 2009. The Average Days On Market for November was 102, up 32.5% from 77 days last month and up 3.0% from 99 days in November of last year. The November 2011 Average Days On Market was at a mid level compared with November of 2010 and 2009.
The market for Loveland CO Realty remains largely unchanged from the trend of recent months, although there has been an improvement in median and average prices - but that could be a reflection of sales activity shifting to higher price ranges, and is probably not indicative of any shift in actual home values. We're still waiting to for improvements in the regional and national economies to trigger any real improvement in the market.
In the meantime, prices are still very attractive, and interest rates are at all-time lows, so buyers ready to take advantage of some great opportunities should check out Loveland CO Realty for a closer look at what is currently for sale. If you do that and run across something that catches your interest, please give us a call - we'd be happy to show you any of these homes.
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