This is the June 2022 Real Estate Market Update for Loveland CO
Loveland CO home sales increased in May 2022. There were 218 homes sold, up 24.6% from the 175 sold in April 2022, and up 2.8% from the 212 sold in May 2021. Year-to-date sales of 761 homes were down 18.7% from from 2021’s 903 sold in the same period. Homes sold for an average of 103.9% of listing price last month.
Home prices were mixed in May 2022. The median price fell to $560K from $593K in April, a drop of 5.9%, while the average price rose to $673K from $651K, up 3.4%. Inventory gains over the last two months appear to have moderated upward pressure on home prices somewhat.
Inventory rose in May 2022, with 179 homes for sale at the end of the month, a substantial gain of 57.0% from 114 at the end of April 2022, and the highest level since August 2021. The Month’s Supply of Inventory (MSI) rose to 0.8 months.