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