This is the August 2021 Real Estate Market Report for Loveland CO
Loveland CO home sales fell slightly in August 2021. 235 homes sold, down 0.8%, from the 237 homes sold in July 2021, and down 15.7% from the 272 homes sold in August 2020. However, year-to-date sales of 1,628 homes are up 5.1% from 2020’s 1,549 homes.
Home prices were mixed in August 2021. The median price fell to $494K from $536K in July 2021, down 8.3%, while the average price rose to $579K, up 4.1%. Median price refers to the midpoint of the price range of all sales, while average price takes the total of all sales and divides that by the number of all sales.
Inventory rose significantly in August 2021, with 185 homes for sale at the end of the month, up 17.1% from 158 at the end of June 2021, but still well behind normal levels. The Month’s Supply of Inventory (MSI) rose to 0.8 months, as inventory gains outpaced sales.