This is the February 2022 Real Estate Market Update for Greeley CO
With the ongoing shortage of available homes, it isn’t surprising that Greeley CO home sales fell in January 2022. There were 75 homes sold, down 65.3% from the 124 sold in December 2021, and down 1.3% from the 76 homes sold in December 2020. homes. Homes sold for 101.1 of list price during the month.
Home prices continued to rise in January 2022. The median price rose 3.9% to $434K from $425K in December 2021, while the average price rose 4.7% to $445K from $425K during the same period. With scant inventory, monthly price variations are more likely to reflect available inventory prices than any changes in home values, although those are no doubt trending upward.
The inventory of available homes grew last month, to 63 homes on the market at the end of the month, up 10.5% from last month’s 57 homes. The Month’s Supply of Inventory (MSI) rose to 0.8 months in response to sales drops and inventory gains.