- Real Estate Summary
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- May 31: RE SUMMARY
What does the rest of the year hold for the housing market?
The number of homes available for sale is likely to continue to grow. Supply will still be historically low, but will offer more options for buyers.
Mortgage rates will like continue to respond to inflationary pressures.
Home prices are projected to continue to climb. There are still fewer homes for sale than there are buyers in the market. The pace of appreciation should moderate but prices won't fall.
There are currently 338 active homes on the market in Mesa County. This is the same as last week
The average list price of those active homes is $589,000 which is a slight decrease from last week.
The average days on market for those listings is 45. That is a slight increase from 41 last week.
There have been 51 price reductions in the last 7 days.
There are only 35 active listings between $200,000-$300,000.
There are 30 active homes over $1,000,000, only 29 homes have sold YTD over 1 Million, and the average days on market for those sold homes is 160.
