This is the November 2021 Real Estate Market Update for Greeley CO
Greeley CO home sales rose in November 2021, with 118 homes sold, a gain of 7.3% from the 110 sold in October 2021, and a gain of 5.4% from the 112 homes sold in November 2020. Year-to-date sales of 1,246 homes are down 2.2% from last year’s sales of 1,274 homes for the same period.
Home prices were mixed in November 2021. The median price fell 1.5% to $409K from $415K in October 2021, while the average price gained 2.4% to $430K from $420K during the same period. The long-term trend line shows substantial price gains over the last year.
Inventory declined as expected for the season in November 2021. There were 72 homes available for sale at the end of the month, down 26.4% over last month’s 91 homes. The Month’s Supply of Inventory (MSI) fell to 0.6 months in response, as sales gains combined with the fall in inventory..