Here is the Loveland CO April 2012 Real Estate Market Report:
March Property sales were 96, up 6.7% from 90 in March of 2011 and 24.7% higher than the 77 sales last month. March 2012 sales were at a mid level compared to March of 2011 and 2010. March year-to-date sales of 240 are running 7.6% ahead of last year's year-to-date sales of 223.
The Median Sales Price in March was $189,554, down -0.2% from $190,000 in March of 2011 and up 2.5% from $185,000 last month. The Average Sales Price in March was $220,409, down -7.5% from $238,312 in March of 2011 and up 1.9% from $216,388 last month. The March 2012 Average Sales Price was at the lowest level compared to March of 2011 and 2010.
The Total Inventory of Properties available for sale as of March was 629, up 26.6% from 497 last month and down -8.2% from 685 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010. The Average Days On Market for March was 77, down -22.2% from 99 days last month and down -13.5% from 89 days in March of last year. The March 2012 Average Days On Market was at its lowest level compared with March of 2011 and 2010.
The Loveland CO April 2012 Real Estate Market Report continues to show improvement - sales rose sharply, while prices dropped, most likely due to sales activity in lower price ranges. And inventory is rising as the market moves into generally more active times. Some of this market activity is seasonal, but we suspect that there is also some fundamental improvement as well, perhaps the beginning of a slow recovery. We'll be watching that closely in coming months.
Buyers interested in taking advantage of good opportunities in the housing market still have time to act, with prices continuing to be very attractive and interest rates at very low levels. Take a look at Loveland CO Realty to see what is currently on the market. If you find something that looks interesting, please give us a call - we'd be happy to show you any of these homes at your convenience.
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