This is the May 2022 Real Estate Market Report for Loveland CO
Sales:
Loveland CO home sales rose in April 2022. There were 175 homes sold, a gain of 25.9% from the 139 sold in March 2022, but down 24.6% from the 218 sold in April 2021. Year-to-date sales of 543 homes were down 27.3% from from 2021's 691 sold in the same period. Homes sold for an average of 103.6% of listing price last month.
Prices:
Home prices rose in April 2022. The median price rose 5.9% to $593K from $560K in March 2022, while the average price gained 2.5% to $651K from $635K. Inventory shortages continue to be the main factor driving prices upward..
Inventory:
Loveland CO saw a welcome gain in Inventory in April 2022, with 114 homes on the market at the end of the month, up 46.2% from 78 at the end of March 2022, still well short of normal levels. The Month's Supply of Inventory (MSI) rose to 0.7 months.