May 9th: RE SUMMARY

Keenan Coit, Coldwell Banker Distinctive Properties

Author

Keenan Coit
May 09, 2022

CRAZY STAT ALERT! On March 1st, there were only 176 active listings. Today, there are 287. That's an almost 40% increase in inventory. In the latest Zillow market report, they noted that inventory rose substantially in March and that home values are still increasing quickly, but no longer accelerating on a monthly basis. They also noted that annual rent growth slowed for the first time in more than a year. All of these signs are pointing toward us heading back into a more stable inventory environment. In my opinion, this is great news because prices have been rising at an unstable pace.

  • There are currently 287 active homes on the market in Mesa County. This is an 8% increase over last week!

  • The average list price of those active homes is $622,967

  • The average days on market for those listings is 44.