This is the March 2022 Real Estate Market Report for Loveland CO



 Loveland CO Real Estate Sales February 2022

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.



 Loveland CO Real Estate Prices February 2022

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.



 Loveland CO Real Estate Inventory February 2022

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.

While sales showed small gains in February 2022, what we’re seeing is most definitely not the usual spring awakening from the slow winter market. Few potential sellers have responded to higher home values, so inventory has remained well below what is needed. The buyer pool, though small, is apparently much higher, so multiple offers and contracts significantly higher than listing price are increasingly common. Of more concern, buyers at what used to be the low-to-mid levels of the market are simply being out-priced and out-competed. The real estate market is shrinking as home ownership becomes less accessible. Uncertainty - presently in great supply from the economy, the events in Ukraine, political upheaval, and on-going pandemic effects - is always the enemy of market stability. It’s going to take a while to get this back to normal.