This is the January 2021 Real Estate Market Update for Loveland CO



Loveland CO Home Sales January 2021

98 homes sold in Loveland CO in January 2021, down 72.4% from the 169 homes sold in December 2020, but almost the same as the 101 homes sold in January 2020.



Loveland CO Home Prices January 2021

Home prices were up in January 2021. The median price rose 4.0% to $442K from $425K in December 2020, while the average price rose 7.6%, to $523K from $486K. Most of this gain can be attributed to low inventory levels failing to meet on-going high demand.


Loveland CO Home Inventory January 2021

Loveland CO’s steep inventory decline that began in May 2020 shows no sign of change There were only 112 homes on the market at the end of January 2021, again hitting a new three-year low point, down 30.4% from December’s 146 homes for sale. The Month’s Supply of Inventory (MSI) rose to 1.1 months, with sales falling a bit more than inventory.

Even though we’re in the midst of what is usually our slowest season, and see the usual declines in sales and inventory, this is not a typical winter market. A quick look at the graphs above shows that while the economic and social impacts of the pandemic are giving us what seem to be familiar trend results, what is going on is far from normal. Buyer demand, while not huge, far outpaces available inventory. We believe that inventory is constrained by seller reluctance both to change in uncertain times and to opening their homes to buyer visits. And as long as inventory remains critically low, prices will be pushed higher. But with vaccines coming online, we’re hoping to see a gradual return to more active patterns as we move into summer and the economy begins to recover. It’s going to be an interesting and challenging year for buyers and sellers alike.