This is the June 2022 Real Estate Market Update for Loveland CO
Sales:
Loveland CO home sales increased in May 2022. There were 218 homes sold, up 24.6% from the 175 sold in April 2022, and up 2.8% from the 212 sold in May 2021. Year-to-date sales of 761 homes were down 18.7% from from 2021's 903 sold in the same period. Homes sold for an average of 103.9% of listing price last month.
Prices:
Home prices were mixed in May 2022. The median price fell to $560K from $593K in April, a drop of 5.9%, while the average price rose to $673K from $651K, up 3.4%. Inventory gains over the last two months appear to have moderated upward pressure on home prices somewhat.
Inventory:
Inventory rose in May 2022, with 179 homes for sale at the end of the month, a substantial gain of 57.0% from 114 at the end of April 2022, and the highest level since August 2021. The Month's Supply of Inventory (MSI) rose to 0.8 months.