Loveland Home Sales Update | August 2017 | Loveland School District
Loveland Home Sales
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 Listings Pending Listings Sold Listings Avg Active Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017 81 38 185 $497,888 $288,664 97.19% 3.9 47
February, 2017 81 55 167 $506,495 $291,787 96.99% 4.9 52
March, 2017 84 68 156 $506,867 $289,749 97.16% 5.8 49
April, 2017 104 71 154 $503,010 $294,848 97.23% 6.8 46
May, 2017 112 86 175 $477,341 $297,700 97.92% 6.8 41
June, 2017 120 77 199 $459,160 $297,776 97.84% 5.93 33
July, 2017 130 69 238 $456,436 $312,532 97.9% 5.0 36
August, 2017 119 45 253 $475,818 $335,341 98.12% 3.9 41
September, 2017 112 51 258 $488,301 $335,907 97.83% 3.8 41
October, 2017
November, 2017 99 45 269 $483,289 $322,535 97.73% 3.2 43
December, 2017 92 27 239 $464,882 $322,472 97.54% 3 46
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