This is the April 2021 Real Estate Market Report for Loveland CO
Sales:
There were 218 home sales in Loveland CO in April 2021, a drop of 2.8% from the 224 homes sold in March 2021, and up 35.4% from the 161 homes sold in April 2020. However, year-to-year, and even month-to-month comparisons have been heavily influenced by pandemic impacts.
Prices:
Home prices were mixed in April 2021. The median price rose to $434K from $429K in March 2021, a gain of 3.1%, while the average price fell 2.6%, to $501K from $514K. Severe inventory shortages will continue to exert upward pressure on prices.
Inventory:
Inventory remains at levels far short of meeting demand, with only 85 homes for sale at the end of April 2021, yet another three-year low and a drop of 5.9% from the 90 homes for sale at the end of March 2021. The Month's Supply of Inventory (MSI) remained at 0.4 months.