In Mesa County

• There are currently 516 active homes on the market in Mesa County. This is a slight increase from 501 last week.

• The average sold price YTD is $432,670 and the median sold price YTD is $390,000.

• There have been 98 price reductions in the last 7 days.

• There have been 102 new listings in the last 7 days.

• There have been 82 pending listings in the last 7 days.

NATIONAL MARKET UPDATE

Spending on residential construction in August was up 0.6% over July, hitting an annual rate just shy of $880 billion. Best of all, spending on single-family home building was up 1.7% for the month.

According to CoreLogic’s index, U.S. home prices posted a 3.7% annual price increase in August, the biggest since February. They forecast the annual price gain will come in at 3.4% in August next year.

Realtor.com reports homes have spent the same amount of time on the market as last year for the past four weeks. That shows there’s still a pool of eager buyers making their way through the tight supply of homes for sale.

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-