This is the March 2021 Real Estate Market Update for Loveland CO
Sales:
224 homes sold in Loveland CO in March 2021, a sharp rise of 48.3% from the 151 homes sold in February 2021, and up 12.0% from the 200 homes sold in March 2020. While the pattern is a familiar spring one, there are other factors at work here.
Prices:
Home prices rose in March 2021. The median price rose 0.9% to $429K from $425K in January 2021, while the average price rose 1.3%, to $514K from $507K. We expect to see prices continue to rise as inventory remains far short of meeting buyer demand..
Inventory:
Inventory is critically low in Loveland CO. There were only 90 homes on the market at the end of March 2021, a new three-year low and a drop of 7.8% from the 99 homes for sale at the end of February 2021. The Month's Supply of Inventory (MSI) fell to 0.4 months, as strong sales consumed low inventory.