In July 2015, we saw a slight cooling in Loveland home sales, with 218 sold, a decrease of 7.4% from 233 in June 2015, but a gain of 7.9% from 202 sold in July 2014. Historically, a slight decline in July sales is not unusual - so far, 2015 looks fairly similar to 2014. We’ll be watching the coming months’ data to see if momentum declines or continues to be solid.

Prices declined in July 2015, with the median price falling 4.1% to $302K from $315K in June 2015, and average price falling 7.8% to $344K from $373K in June 2015. These changes, by themselves, are unlikely to be significant, representing a normal variation in month to month home sale prices. The longer-term trend does continue to show indications of positive growth in home values.

Available inventory rose in June 2015, with the number of active listings up 5.9% to 431 homes from 407 in June 2015. The months supply of inventory (MSI) also rose, up slightly to 2.0 months, and while still indicating sign of a strong seller’s market, the recent growth in inventory is helping provide a more balanced market. We’re still down from where we would like to be, though.

Summary:

The declines in sales and prices from June 2015 are not large enough to be cause for worry - Loveland is having a relatively good year for real estate, and is enjoying a more balanced market than most other Northern Colorado communities. Inventory is still lower than optimal, however, and will continue to contribute to rising home prices, as regional economic strength and job growth can be expected to keep demand high.

If you'd like to take a look at currently available homes, browse Homes for Sale in Loveland CO. When you find a home that interests you, please give us a call - we would love to schedule a showing for you at your convenience.