Loveland Home Sales – For August 2017

Loveland Home Sales Update | August 2017 | Loveland School District

Loveland Home Sales

 

Loveland Home Sales Update

The Loveland home sales update for August shows a continued pattern toward a stronger market.  Several categories show either very strong or the strongest numbers of the year for the school district. 

The number of sales is definitely up!  It is at the highest point for the year at 253.  That is almost 100 more sales than in either the March or April numbers.  However, based in a drop on currently pending homes, that number should drop to more normal levels next month.  

What is really impressive that along with a high number of sales, home sellers are seeing 98.12% of their asking price.  It is common for sellers to be paying for buyer’s closing costs, however, the price is staying very close to the asking price in the process.   Remember it wasn’t that long ago that sellers were seeing 95% to 96% of asking price while STILL paying for buyer’s closing costs.  This is further strengthened by the dropping absorption rate of 3.9 indicating a mild to moderate seller’s market.

Perhaps the biggest news is the average sale price jumping to $335,341.  That is in contrast to last month’s $312,532.  This is a trend being shared by many of the school districts in Clermont County.  It is great news for home sellers, however, there is a bit of a cautionary note behind it.  If this kind of jump continues it should eventually trigger a “market correction” where the prices come down in short order.  While it isn’t something that should be an immediate worry, it will be important to keep an eye on this for the coming months.

See all the market updates for Clermont County school districts, Click Here!

If you’ve had your home on the market and it didn’t sell, let us know!  We specialize in selling homes other agents struggled with.  We’d love to show you why we are a top agent for Loveland!  Call or text 513-201-7890 or Click Here.

Loveland School District Market Update (Each month is the previous 6 months totals & averages)

 Active ListingsPending ListingsSold ListingsAvg Active PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 20178138185$497,888$288,66497.19%3.947
February, 20178155167$506,495$291,78796.99%4.952
March, 20178468156$506,867$289,74997.16%5.849
April, 201710471154$503,010$294,84897.23%6.846
May, 201711286175$477,341$297,70097.92%6.841
June, 201712077199$459,160$297,77697.84%5.9333
July, 201713069238$456,436$312,53297.9%5.036
August, 201711945253$475,818$335,34198.12%3.941
September, 201711251258$488,301$335,90797.83%3.841
October, 2017
November, 20179945269$483,289$322,53597.73%3.243
December, 20179227239$464,882$322,47297.54%346

Summary
Review Date
Reviewed Item
Loveland Home Sales
Author Rating
51star1star1star1star1star