This is the December 2018 Real Estate Market Update for Loveland CO

 

Sales:

 Loveland CO Home Sales November 2018

As expected, home sales in Loveland CO declined in November 2018 to 137 sold, down 15.3% from 158 sales in October 2018, and were down 35.0% from the 185 homes sold in November 2017. There have been 1,839 sales so far in 2018 compared to 2,164 sales for the same period in 2017, a decline of 17.6%.

 

Prices:

 Loveland CO Home Prices November 2018

Home prices rose in November 2018, with the median price gaining 3.8% to $405K from $390K in October 2018, and average price rising 0.2% to $444K in November 2018 from the $443K in October 2018. The long-term trend line, a better source of understanding of where the market is heading, still looks to be pointing to rising home values.

 

Inventory:

 Loveland CO Home Inventory November 2018

Unsurprisingly, the inventory of homes for sale in Loveland CO fell in November 2018, to 350 on the market at the end of the month, down 15.4% from 405 homes for sale at the end of October 2018. The Month’s Supply of Inventory (MSI) was unchanged at 2.6 months.

 

Summary:

The Loveland real estate market has now moved into its slower winter season, with sales and inventory both declining, and we should see those numbers continue to decline for the next couple of months. There aren’t any signs at this time of any coming fundamental changes in the market - the regional economy is strong and continues to generate new employment opportunities, so demand should remain high. Of course, it’s still really too early to make any calls about next year, and we’re going to have to wait until the 2019 spring season for a better idea of how next year will play out for real estate.