Market Update - Loveland CO January 2013
By Dick Greenberg, Northern Colorado Residential Real Estate
(New Paradigm Partners LLC)
This is the market trends report for Loveland CO for January 2013: Home Sales 101 homes sold in January 2013, up 42.3% from 71 sales in January 2012, and up 21.7% from December, 2012. 2012 was a much better year for sales activity then both 2010 and 2011, and 2013 is off to a strong start. Home Prices The Median Price rose 14.6% to $228,000 and Average Price rose 4.8% to $260,000 from December, 2012 levels. While prices tend to move up and down from month to month, depending on specific homes sold in a given month, the trend from the previous two years does show general improvement. Home Inventory Inventory rose sharply in January, up 49% to 747 homes, and are currently at levels which provide some balance to the market. The Months Supply of Inventory (MSI) has also risen to 7 month...
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