Loveland Home Sales Update For April 2017

By mlsclermont
|
May 4, 2017
| 1 Comment

Loveland Home Sales Update | April 2017 | Loveland School District

Loveland Home Sales

The Loveland home sales update for April is 90% great news!  Home sales in Loveland set the paceloveland home sales for all other school districts in Clermont County.  At $503,010 as the average price of all homes active on the Multiple Listing Service, Loveland was strong than others in the area.  Loveland schools also led in average square feet, average pending price and the average sale price of $303,249.  

Of concern is the rising absorption rate.  April’s number jumped to 6.8 which indicates a weak buyer’s market.  While not a call to be overly concerned, it will bear watching for the next few months.  The jump is likely due to an increase of about 20 additional homes on the market in contrast to previous months.  The sale price to asking price percentage has remained the same and the sale price has not fallen.  If either of those two measures becomes weaker, that will be a time where home sellers will need to get more proactive in pricing and incentives offered to buyers.

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.  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

Homes By School District, Loveland Schools, Market Updates