2019 Loveland CO Market Data Statistics Trends

(Commentary)

2019 Loveland CO Market Data Statistics Trends- While the listing price v sales price in Loveland CO is still very high (99%), that has something to do with the new construction still going strong in Loveland. New construction typically has a base price and with typical buyer upgrades pushes the original sales price higher. The days on market and inventory is increasing for new construction but re-sale has dropped somewhat. An excellent sign for single family sellers. Expect fewer sales and less inventory (except what is currently under construction or standing builder inventory) in the short term (assuming they are re-listed in the MLS) but come March, April & May, expect a significant increase in inventory. We expect re-sales to be attractive to buyers as they have a lower price point and no major expense output (except purchase costs) in the coming months.

Overall, 2019 was a very strong sellers market. In three (3) years, Loveland has not exceeded 2.2 months of inventory. That is a crazy stat. The average over the entire year was 1.99 months of inventory. The lower that number, the more it favors sellers.

We are still trending a strong sellers market. But, with many new builds going through the permitting process and the re-sales season set to explode, the trend could change but not dramatically. At worse, low interest rates and strong economic confidence, we may get to a more neutral market by years end.

Market Reference Disclaimer:

6 months or less = Sellers Market/ 6-7 months = Neutral Market/ Over 7 months = Buyers Market

Disclaimer- The graphic above and associated commentary is based on the static data (a snapshot in time) and is wholly based on the post authors opinion of the data at the time the post was published. The data below is dynamic. Meaning, it automatically updates as one piece of data changes (not a snapshot in time).