This is the September 2021 Real Estate Market Update for Greeley CO



Greeley CO Home Sales September 2021

Home sales in Greeley CO dipped slightly in September 2021, with 130 homes sold, down 1.5% from the 132 sold in August 2021, and down 10.0% from the 143 homes sold in September 2020. Year-to-date sales of 1018 homes are down 0.8% from last year’s sales of 1027 homes for the same period.



 Greeley CO Home Prices September 2021

Home prices were mixed in September 2021. The median price was up 2.4% to $420K from $410K in August 2021, while the average price was down 0.7% to $426K from $429K during the same period. With these numbers reflecting those specific homes sold during the month, variations like this are common, and the long-term trend line is a better indicator of what’s happening.



 Greeley CO Home Inventory September 2021

Inventory rose again in September 2021, but remains short of normal levels. There were 82 homes for sale at the end of September 2021, up 9.3% over last month’s 75 homes. The Month’s Supply of Inventory (MSI) held steady at 0.6 months.

The fall real estate market usually demonstrates a traditional seasonal slowing, and we have begun experiencing that, no doubt complicated this year by a very active summer as well as pandemic effects. We have seen not only a recent decline in sales, but price reductions as well. As falling inventory offers fewer choices to buyers, and the upcoming holiday season competes for attention, it’s more the on-going uncertainty about the economy and the pandemic that will keep the market cooled. We’re anticipating it will stay that way, with moderate sales and a lessening of upward price pressure, through the remainder of the year.