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Loveland CO Real Estate Market Trends - October 2105
This is the October 2015 Real Estate Market Report for Loveland CO
Loveland home sales continued their seasonal decline in September 2015, down 5.4% to 202 sold from 213 in August 2015, but up 3.6% from 195 sold in September 2014. This is a normal and expected occurrence as we move closer to the holidays and colder weather, and sales can be expected to fall moderately for the remainder of the year. We do expect sales to exceed last year’s results, though.
Prices fell slightly as well in September 2015 - the median price fell 1.6% to $317K from $322K in August 2015, and average price fell 3.4% to $355K from $367K in August 2015. As in past months, these changes are likely just statistical variation in month to month home sale prices. The longer-term trend line continues to point to positive growth in home values.
Available inventory gained 4.8% to 437 homes on the market, up from 417 in August 2015, pushing the month’s supply of inventory to 2.2 months. This is a welcome result, moving toward a more balanced market, but homes are still in short supply - we remain in a strong seller’s market at this time.
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