Loveland CO January 2012 Real Estate Market Report

Here is the Loveland CO January 2012 Real Estate Market Report:

December Property sales were 87, up 6.1% from 82 in December of 2010 and 5.4% lower than the 92 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December year-to-date sales of 1,242 are running 0.5% behind last year's year-to-date sales of 1,248.

The Median Sales Price in December for Loveland CO was $185,000, up 4.2% from $177,500 in December of 2010 and down 9.8% from $205,000 last month. The Average Sales Price in December was $231,341, up 6.8% from $216,669 in December of 2010 and down 5.6% from $244,947 last month. The December 2011 Average Sales Price was at a mid range compared to December of 2010 and 2009.

The Total Inventory of Properties available for sale as of December was 546, down 2.7% from 561 last month and down 14.7% from 640 in December of last year. December 2011 Inventory was at its lowest level compared with December of 2010 and 2009. The Average Days On Market for December was 99, down 2.0% from 101 days last month and up 6.5% from 93 days in December of last year. The December 2011 Average Days On Market was at a mid level compared with December of 2010 and 2009.

The real estate market in Loveland CO continues the trend of recent months, with relatively slow sales although there has been an improvement in median and average prices - but that could be a reflection of sales activity shifting to higher price ranges, and is probably not indicative of any shift in actual home values. We will continue to wait for improvements in the regional and national economies to trigger any real improvement in the local real estate market.

In the meantime, prices are still very attractive, and interest rates are at all-time lows, so buyers ready to take advantage of some great opportunities should check out Loveland CO Realty for a closer look at what is currently for sale. If you do that and run across something that catches your interest, please give us a call - we'd be happy to show you any of these homes.