This is the October 2021 Real Estate Market Report for Loveland CO
There were 205 home sales in Loveland CO in October 2021, essentially unchanged from the 204 homes sold in September 2021, and down 24.3% from the 255 homes sold in October 2020. 2021 year-to-date sales of 2037 homes are down 0.7% from 2020’s 2,052 homes.
Home prices rose in October 2021. The median price rose to $508K from September’s $494K, a gain of 2.8%, while the average price rose to $607K from $579K, a gain of 4.3%. Monthly price variations are common, so we look to the long-term trend line for a feel for what’s happening with prices.
Inventory declined in October 2021, with 161 homes for sale at the end of the month, a drop of 4.9% from 169 at the end of September 2021. The Month’s Supply of Inventory (MSI) held steady at 0.8 months, as inventory declines matched the drop in sales.