August 1st: Real Estate Summary

Here are some really interesting stats from Realtor.com

1. The median listing price grew by 16.6% over last year

   1. The typical asking price of for-sale homes was up from last year by double-digits for a 31st week. Still, even though we’re not yet seeing it in the weekly asking price data, other data are signaling an adjustment in market balance.

2. Active inventory continued to grow, rising 29% above one year ago

   1. The market has stabilized just shy of a 30% increase over year ago levels. The June housing report showed that the active listings count remained less than half its June 2019 level and just shy of two-thirds its June 2020 mark.

In case you didn't read that last bold sentence!! "active listings count remained less than half its June 2019 level"

In Mesa County

• There are currently 551 active homes on the market in Mesa County. This is a 3.5 percent increase compared to last week

• The average sold price YTD $425,485 and the median sold price YTD is $385,000.

• There have been 123 price reductions in the last 7 days.

• The average DOM for the active homes is 46.

Last Weeks New Listings

Last Weeks Sold Listings

Stocks Today

Also, go check out my new Podcast with Coldwell Banker Distinctive Properties CEO, Todd Conklin!

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