This is the August 2020 Real Estate Market Report for Loveland CO
Home sales rose again in Loveland CO during July 2020. 310 homes were sold, a gain of 9.9% from the 282 homes sold in June 2020, and a gain of 42.9% from the 217 homes sold in July 2019. Year-to-date sales for 2020 are 1,277 homes sold, up 6.8% from the 1196 homes sold during the same period last year.
Home prices rose in July 2020. The median price gained 1.3% to $405K from $400K in June 2020, while the average price gained 2.7% to $462K from $450K for the same period. We don’t believe that these minor fluctuations represent significant pandemic influences yet.
The inventory of available homes fell in July 2020, with 298 homes for sale at the end of the month, a drop of 12.1% from the 334 homes on the market at the end of June 2020. The Month’s Supply of Inventory (MSI) fell to 1.0 months, as strong home sales depleted inventory.