This is the February 2021 Real Estate Market Update for Loveland CO
151 homes were sold in Loveland CO during February 2021, up 54.1% from the 98 homes sold in January 2021, and up 49.5% from the 101 homes sold in February 2020.
Home prices fell in January 2021. The median price dropped 4.0% to $424K from $442K in January 2021, while the average price dropped 3.2%, to $507K from $523K. These results are for the specific homes sold during each month, so month-to-month variations like these are expected.
The steady drop in inventory from May 2020 to the present continues. Only 97 homes were available for sale at the end of February 2021, a new three-year low and a drop of 15.4% from the 112 homes for sale at the end of February 2021. The Month’s Supply of Inventory (MSI) fell to 0.6 months, as strong sales consumed low inventory.