This is the February 2022 Real Estate Market Update for Loveland CO



 Loveland CO Real Estate Sales January 2022

Low inventory continues to limit market activity. 111 homes were sold in Loveland CO in January 2022, down 54.9% from the 172 homes sold in December 2021, but up 13.3% from the 98 homes sold in January 2021. Homes sold for an average of 100.7% of asking price during last month.



 Loveland CO Real Estate Prices January 2022

Home prices were again mixed in January 2022. The median price rose 2.1% to $534K from $523K in December 2021, while the average price fell to $555K from $693K, down 6.8%. With scant inventory, monthly price variations are more likely to reflect available inventory prices than any changes in home values, although those are no doubt trending upward.



 Loveland CO Real Estate Inventory January 2022

Inventory rose a bit in January, with 74 homes on the market at the end of the month, up 6.2% from 65 at the end of December 2021. The Month’s Supply of Inventory (MSI) rose to 0.7 months, with sales decreases and inventory gains.

The January real estate market offered little change from previous months. Inventory remains critically low, with 74 available homes for 80K+ population. Rapid price increases are shutting the door to home ownership to more of that population. Those buyers who either can or must be in the market now are finding fierce competition and a brutal seller’s market, but one that is operating well below sustainable levels of activity. The economic outlook, with likely interest rate increases in coming months, isn’t positive in the short run either, but the pandemic and its associated challenges have sharpened our skills at dealing with difficult challenges. Unlike 2008, it isn’t the real estate sector that is driving the market - nor suffering the worst of its effects - but we are most definitely along for the ride. And we don’t see much change coming in the immediate future.