October 10th: Real Estate Summary

Here are some sweet graphs courtesy of Land Title! These are specific to Mesa County.

In Mesa County

• There are currently 623 active homes on the market in Mesa County. This is a 5 percent increase compared to last week

• The average sold price YTD $428,067 and the median sold price YTD is $387,000.

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

• The average DOM for the active homes is 64

Last Weeks New Listings

Last Weeks Sold Listings

NATIONAL MARKET UPDATE

Residential Construction Spending slipped a tick (less than 1%) in August. But home builder spending is still 12.5% higher than a year ago, so, more new homes will keep coming on the market.

ShowingTime reports the decline in home showing traffic is leveling off, as buyers get back into the market. What’s drawing them are less competition and more listings, so they have more options and more time to decide.

Black Knight’s home price index found home prices fell 0.98% in August after a 1.05% drop in July, the largest monthly price declines since 2009. The median home price is now down 2% below its June peak.

Stocks Today

Here is a link to download my album!

Note: If you are receiving this unexpectedly it is because you have been placed on a limited distribution of friends and colleagues that I respect and believe will benefit from what I am sharing.