Loveland Home Sales Update | July 2017 | Loveland School District
Loveland Home Sales
The Loveland home sales update for July presents a strengthen picture that is great for both home sellers and home buyers.
For home buyers, the inventory of available homes is the highest it has been for the entire calendar year. In January, there were only 81 available homes. That has grown to 130 available homes! While many markets are suffering from a dwindling inventory, Loveland’s has grown.
Often that would be a less than desirable signal for home sellers. An increase of inventory usually means more competition which can cause prices to drop and time on market to increase. The results are quite pleasing
The average sale price is at its highest of the year at $312,532. Compare to January’s average sale price of $288,664, this is great news for home sellers.
Combined with that is the average time on market is only 36 days, and the sale price to asking price is a very respectable 97.9%. That means homes are selling very quickly on average and sellers are seeing almost 98% of the price they are asking.
The absorption rate is a healthy 5.0. That indicates a balanced market, neither strongly favoring the seller or buyer.
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. 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
