This is the March 2021 Real Estate Market Update for Loveland CO
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.
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 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.