Loveland Home Sales Update | June 2017 | Loveland School District

Loveland Home Sales

The Loveland home sales update for June presents a paradox. Most areas of the market are experiencing a shrinking inventory of available homes.  This usually results in higher average sale prices, shorter time on market, and a lower absorption rate.  For Loveland, the inventory has actually grown.  Since the beginning of the year, active inventory has actually gone up by 50%!  While that would usually set off alarms, that isn’t the case for Loveland.

While the inventory is actually up, time on market is actually DOWN!  For this report, time on market has dropped to 33 days, which means home sellers who have good marketing should have moving plans in place prior to listing their home!  

Add to that the absorption rate is in the center of what is a balanced market at 5.93.  If the inventory was growing beyond the demand, the absorption rate would be climbing toward a buyer’s market which is 7 or above.  Right now, buyers are in lighter competition with other buyers and sellers can be confident of a correctly marketed home selling.

The third measure which is very good is the sale price to list price ratio.  Currently that stands at 97.84% which is among the highest it has been for Loveland all year.

Last month we were concerning about the direction of the absorption rate, this month seems to have laid that concern to rest.  Loveland remains strong with a great outlook.

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.

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