This is the May 2022 Real Estate Market Report for Greeley CO
Home sales in Greeley CO rose in April 2022. There were 177 homes sold, up 32.1% from the 134 sold in March 2022, and up 65.4% from the 107 homes sold in April 2021. Year-to-date sales of 498 were up from last year’s sales of 367 for the same period. Homes sold for 102.6% of list price last month.
Home prices also rose in April 2022. The median price was up 4.1% to $457K from $439K in March 2022, while the average price rose 5.0% to $455K from $443K during the same period. Inventory shortages continue to be the main factor driving prices upward.
The inventory of available homes rose slightly last month, to 39 homes for sale at the end of the month, a gain of 11.4% from last month’s 35 homes, but remains far short of normal levels. The Month’s Supply of Inventory (MSI) fell to 0.2 months as sales gains outpaced inventory.