This is the December 2020 Real Estate Market Report for Loveland CO
We’re finally beginning to see a return to what can be considered a normal level of home sales in Loveland CO after 5 months of uncharacteristically high results. November 2020 sales of 189 homes were down 34.9% from October sales of 255, but were up 26.0% over the 150 sales in November 2019. 2020 year-to-date sales of 2,241 are up 19.2% over 2019 sales of 1,880 for the same period.
Home prices fell in November 2020. The median price fell 4.7% to $425K from $445K in October 2020, while the average price fell 9.6% to $467K from $512K. Both seasonal and pandemic effects are likely causes but hard to separate at this point.
Continuing a 7 month trend, Loveland CO home inventory continued to decline, once again setting a new 3-year low in November 2020, with 188 homes on the market at the end of the month, down 8.4% from the 205 homes on the market at the end of October 2020. The Month’s Supply of Inventory (MSI) rose to 1.0 months, as available homes matched home sales.