This is the November 2021 Real Estate Market Update for Loveland CO
Loveland CO reported 185 home sales in November 2021, a decline of 10.8% from the 205 homes sold in October 2021, and down 2.1% from the 189 homes sold in November 2020. 2021 year-to-date sales of 2,222 homes are down 0.8% from 2020’s 2,241 homes.
Home prices gained in November 2021. The median price was up 1.3% to $515K from October’s $508K, while the average price rose to $608K from $607K, a gain of 0.2%. The long-term trend line shows substantial gains over the last year.
Inventory in Loveland CO dropped in November 2021 as expected, with 103 homes on the market at the end of the month, a drop of 56.3% from 161 at the end of October 2021. The Month’s Supply of Inventory (MSI) declined to 0.6 months, as inventory declines outpaced the drop in sales.