This is the March 2022 Real Estate Market Report for Greeley CO
Greeley CO home sales rose in February 2022. There were 112 homes sold, a gain of 49.3% from the 75 sold in January 2022, and up 24.4% from the 90 homes sold in February 2021. homes. Homes sold for 101.6% of list price during the month.
Home prices rose in February 2022. The median price gained 1.2% to $439K from $434K in January 2022, while the average price gained 0.7% to $448K from $445K during the same period. The imbalance between low inventory and high demand continues to exert upward pressure on home prices.
The inventory of available homes declined last month, to 51 homes on the market at the end of the month, a drop of 23.5% from last month’s 63 homes. The Month’s Supply of Inventory (MSI) fell to 0.5 months in response to sales gains and inventory losses.