Home Sales:

Loveland Home sales rose in August 2017, gaining 10.3% to 235 homes sold from 213 in July 2017, and were up 31.3% from the 179 sold in August 2016. Real estate activity in 2017 is outperforming that of 2016 by significant margins for the last 5 months, as buyer demand remains high.

Home Prices:

Loveland home prices were mixed once again in August 2017, with median price gaining 5.5% to $383K from $363K in July 2017, and average price holding steady at $425K, the same as in August 2017. While price data fluctuates month-to-month, the long-term trend line continues to suggest a strong upward trend in Loveland home values.

Home Inventory:

Inventory declined in August 2017, with a drop of 5.2% to 421 homes on the market at the end of August 2017, down from 443 homes for sale in July 2017. Inventory continues to be insufficient to meet on-going high demand. The Month’s Supply of Inventory (MSI) fell to 1.9 months in response to higher sales, and continues to show a strong seller’s market.

Summary:

Loveland has enjoyed an active summer market, with strong sales continuing into what is normally the beginning of a slower season. But the on-going insufficiency of inventory has resulted in upward pressure on home prices and the market continues to favor sellers. It’s unlikely that buyer interest will diminish, as regional economic and employment growth has been strong and is expected to stay that way. The most negative aspect of the current market is the disappearance of affordable homes, as price increases have left affordable home buyers with few options.

If you would like to take a look at the current inventory, check out Homes for Sale in Loveland CO. When you see a home that appears to be a good fit for your needs, give us a call - we'd be pleased to schedule a showing for you at your convenience.