This is the December 2020 Real Estate Market Report for Loveland CO



Loveland CO Home Sales December 2020

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.



 Loveland CO Home Prices December 2020

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.



 Loveland CO Home Inventory December 2020

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.

Real estate indicators all moved downward in November, marking a change of direction for sales and prices, and continuing inventory’s long slide. But one month’s result doesn’t establish a trend. And it’s hard to separate the effects of the pandemic from what would be normal seasonal effects. The next few months will no doubt be difficult ones for both buyers and sellers, complicated by low inventory, economic uncertainty, and pandemic restrictions, but we’re hesitant to make predictions beyond that, with so many unknown factors coming into play. We’re likely to continue reporting market facts more than market insights over the next several months as conditions change and we figure out how long-term effects will affect consumer behavior. We’ll keep you updated as things progress.