This is the October 2021 Real Estate Market Report for Greeley CO
Greeley CO home sales declined in October 2021, with 110 home sold, down 18.2% from the 130 sold in September 2021, and down 22.7% from the 135 homes sold in October 2020. Year-to-date sales of 1128 homes are down 3.0% from last year’s sales of 1162 homes for the same period.
Home prices fell in October 2021. The median price was down 1.2% to $415K from $420K in September 2021, while the average price was down 1.4% to $420K from $426K during the same period. Monthly variations like this are common, and we look to the long-term trend line as a better indicator of what’s happening.
Countering seasonally expected trends, inventory continued to rise in October 2021. There were 91 homes for sale at the end of the month, up 11.0% over last month’s 82 homes. The Month’s Supply of Inventory (MSI) rose to 0.8 months in response, its highest level in over a year.