This is the June 2013 Market Report for Loveland CO
223 homes sold in May 2013, a 68.9% increase from 132 sales in May 2012, and up 30.4% from 171 sales in April 2013. These are very good numbers, and indicate that the Loveland real estate market is recovering strongly, and well on the way to an excellent year.
Prices dropped from April 2013 levels, with Median Price down 14.3% to $239K and Average Price down 5.5% to $289K. Insofar as monthly price data reflect those specific homes that sold during the month, these figures are probably not as meaningful as the fact that the overall trend line is continuing to move upward. We’ll be watching this data carefully in coming months.
Loveland’s inventory levels continue to rise, and are currently at their highest level in the last three years - a situation unique in northern Colorado, where many communities are experiencing supply shortages. The drop in Months Supply of Inventory from 5 to 4 months indicates that Loveland’s inventory is being absorbed quickly, a good sign of strong demand.
Summary:
The market data for Loveland is looking very positive - with sales and inventory on the rise, and what appears to be good balance between supply and demand, the drop in prices during May seems to be more of a statistical phenomenon, pointing to April sales falling into a higher price range for a limited period of time. Prospects are excellent for 2013 being a very good year for Loveland real estate.
If you're interested in what's for sale now, take a look at the Available Homes in Loveland CO. If something looks interesting, please give us a call - we'd be happy to set up showings for you at your convenience.
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Mary & Dick Greenberg |
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