Sales:

October 2015 home sales in Loveland didn’t change much from September 2015 - they declined just 2.0% to 198 sold from 202 in the previous month, and down 5.6% from 209 sold in October 2014. As we look at the chart, it appears to signal a truer start to the fall/winter slowdown coming this month if previous years’ experiences are followed.

Prices:

Prices as well varied only slightly in October 2015 - the median price dropped 1.3% to $313K from $317K in September 2015, and average price fell 2.3% to $347K from $355K in August 2015. These are most likely statistical variations in month to month home sale prices, and the long-term trend line continues to indicate positive growth in home values over time.

Inventory:

Available inventory was essentially unchanged in October, with 436 homes currently on the market, and 437 in September 2015. The Month’s Supply of Inventory (MSI) also held steady at 2.2 months, a number that suggests that we are still seeing a seller’s market at this time.

Summary:

Loveland’s real estate market is showing no rush to transition into a seasonal slowdown, but the charts above all suggest that this traditionally appears in November, so we’ll be watching next month’s data for confirmation of that. In the meanwhile, the fall market has provided stable sales, prices and inventory, as well as continuing high demand from buyers. We see nothing at this time to suggest other than seasonal changes on the horizon, so expect a slower, but still active, winter market.

If you'd like to take a look at the currently available homes, check out Homes for Sale in Loveland CO. When you come across something that looks promising, please give us a call - we would love to schedule a showing for you at your convenience.