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