While normal seasonal trends would predict a decline this time of year, Loveland home sales increased 7.1% in October 2014 to 209 homes sold, from 195 in September 2014, and were up 27.4% from 164 sold in October 2013. Very mild fall weather and continuing strong buyer demand are providing a good finish to the year, but we would be surprised if the sales figures didn’t begin to taper off in the next two months.

Loveland home prices declined in October 2014. Median price dropped 9.3% to $268K from $293K in September, and average price fell 7.9% to $313K from $338K in September. It is highly unlikely that these decreases reflect anything beyond normal month-to-month variation in buyer activity - there are no indicators of underlying weakness in home values. And the long-term trend is definitely showing upward movement.

The inventory of homes for sale is performing as expected, showing a moderate seasonal decline, and dropping in October to 725 homes on the market, from 791 homes in September, a 9.1% decrease. Of these 725 homes, 41% are under contract and waiting to close. We expect this moderate downward trend to continue through the remainder of the year - it will be what happens with inventory after the new year begins that will have a major impact on market performance next year.

Summary:
The Loveland CO real estate market is finishing the year with some strength in home sales, an expected moderate decline in inventory, and a persistent upward trend line in prices. We don’t expect any significant changes for the remainder of the year, and looking ahead, we’re of the opinion that regional economic growth will continue to drive buyer demand, prices will increase steadily, and the real test will come from whether the market responds by providing sufficient inventory.

If you would like to browse what's for sale now, check out Loveland CO Homes for Sale. If you find something interesting you like to take a look at, please give us a call - we'd be happy to schedule a showing for you at your convenience.