June 6th: RE SUMMARY

Keenan Coit, Coldwell Banker Distinctive Properties

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Keenan Coit
June 06, 2022

  • Interest rates have been stable over the last couple of weeks but the Fed has indicated that multiple half point rate hikes are coming soon.

  • In Mesa County, we have seen inventory on the steady incline over the last few months.

  • The average list price has decreased from a high of $659,000 on March 28th to $586,000 currently.

  • The absorption rate (how long it would take to sell the supply of homes on the market), is above 1 month for the first time since October of 2021.

  • There are currently 371 active homes on the market in Mesa County. This is a 9% increase compared to last week

  • The average sold price YTD is $417,365 and the median sold price YTD is $379,650.

  • There have been 270 price reductions in the last 30 days.

  • There are only 39 active listings between $200,000-$300,000.

  • The average DOM for the active homes is 45.

Here is a weekly breakdown over the last 2 months: