This is the March 2022 Real Estate Market Report for Loveland CO
Home sales rose slightly in Loveland CO in February 2022. There were 118 homes sold, up 6.3% from the 111 sold in January 2022, but down 27.9% from the 151 sold in February 2021. Homes sold for an average of 101.7% of listing price during last month.
Home prices rose significantly in February 2022. The median price gained 6.4% to $568K from $534K in January 2022, while the average price jumped to $667K from $555K, a gain of 20.2%. The imbalance between inventory and demand continues to exert strong upward price pressure, as we see from these monthly sales figures.
Inventory in Loveland CO dropped in February 2022, with 65 homes on the market at the end of the month, down 6.2% from 74 at the end of January 2022. The Month’s Supply of Inventory (MSI) fell to 0.6 months, with sales increasing and inventory falling.