This is the April 2020 Real Estate Market Report for Loveland CO
Sales:
Home sales rose significantly in Loveland CO during March 2020. 200 homes sold, an increase of 98.0% from the 101 sales in February 2020, and a gain of 13.6% over the 176 homes sold in March 2019. The impacts of business closures and stay-at-home orders were not yet evident.
Prices:
Loveland CO home prices showed little significant movement. The median price was unchanged from February 2020, holding at $400K, while the average price gained 2.0% to $456K from $447K for the same period. As always, these numbers are based on the specific homes sold during the month, so small variations are expected and normal.
Inventory:
The inventory of homes for sale performed as anticipated, rising to 362 homes on the market at the end of March 2020, a gain of 25.3% over the 289 homes for sale at the end of February 2020. The Month’s Supply of Inventory (MSI) fell to 1.8 months, however, as sales gains outpaced inventory growth.