This is the April 2021 Real Estate Market Report for Loveland CO
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.
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 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.