July's existing home sales in Loveland Colorado grew 30% over June. However we are still down for the year ( -7%) when comparing to the same period as last year. We should be at 760 homes sold for the year and we are at 709. Considering the economy still not bad.
The July's inventory fell from 6.7 months of inventory in June to 5.06 months. This may suggest homeowners are waiting to put homes on the market.
The total dollars volume sold year to date is $164,778,091. The highest priced acheived for a home sold so far for this year is $1,100,000 and the lowest is at $21,100. The median price is now at $198,000 and the average price is $232,409. Currently sales in the $200,000 or less being hot is bringing the average down right now.
It is still a wild year in real estate.
Rob Proctor, Broker with At Home Realtors Loveland Colorado http://www.at-home-realtors-com
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