Loveland Home Sales Update | May 2017 | Loveland School District

Loveland Home Sales

The Loveland home sales update for May is almost a copy of April’s numbers.  While the total number of active, pending and sold homes is up over the last month, the days on market actually fell!  That is great news for home sellers and a call to action for home buyers.  At an average days on market of 41, if a home is well priced and in good shape for the market, the sellers had better start packing when the for sale sign goes into the yard!

Of continued concern is the absorption rate.  April’s number jumped to 6.8, where it remained in May.  This indicates a weak buyer’s market.  What is reducing concerns is the average sale price increased by 1% from April to May.   If that number flattens out, the trend will have to be paid closer attention to.  Also, the sale to listing price percentage is actually stronger which is another measurement that counters the absorption rate.

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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