This is the June 2020 Real Estate Market Update for Loveland CO
In what is traditionally our busiest season, home sales declined in Loveland CO during May 2020 for the second consecutive month. 122 homes sold, down 32.0% from the 161 homes sold in April 2020, and down 55.7% from the 219 homes sold in May 2019.
Home prices were mixed in April 2020, but without significant changes.. The median price rose to $406K, a gain of 2.0% from $398K in April 2020, while the average price fell 1.9% to $473K from $482K for the same period. Significant pandemic impacts are most likely not yet a factor in these numbers.
The inventory of homes declined in May 2020, with 366 homes for sale at the end of the month, a drop of 8.2% over the 396 homes for sale at the end of April 2020. The Month’s Supply of Inventory (MSI) rose to 3.0 months, as inventory and sales both declined.