Loveland Home Prices Down.

Loveland, Fort Collins housing prices down 2.04 percent, an article from ReporterHerald.com, reports that housing prices in Loveland and Fort Collins fell 2.04% from February 2008 to February 2009 - a far cry from the 12.2% seen nationally.  "Decreases are now being driven by rising unemployment and a high demand of distressed home sales," said Mark Fleming, chief economist for First American CoreLogic.  "We didn't spike as high in our prices, so we didn't have as far to fall to start coming back," Albers said.  Loveland has a 4.3-month inventory of resale homes. 
http://www.reporterherald.com/news_story.asp?ID=22785 

As the below stats are showing you can see the overall absorption of property in Loveland has been a lot slower then years past and that increase in inventory and the demand for REO/Foreclosed homes makes it hard for your regular seller to get top dollar.  Those factors have put pressure on the market and caused the Home Prices to Fall in that area.

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