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.
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
