Key Stats from the CAR September Report

There have been 25% fewer new listings in Mesa County this year compared to the same period last year!

Homes are taking 33% longer to sell in Mesa County compared to last year, which represents an increase of 21 days!

One thing that is for certain, Mesa County remains an affordable place to live in Colorado.

In Mesa County

• There are currently 529 active homes on the market in Mesa County. This is a slight decrease from 534 last week.

• The average sold price YTD is $429,861 and the median sold price YTD is $390,000.

• There have been 69 price reductions in the last 7 days.

• There have been 77 new listings in the last 7 days.

• There have been 90 pending listings in the last 7 days.

NATIONAL MARKET UPDATE

Builders increased activities in September, sending Housing Starts back up, by 7.0% over August. Starts for single-families are now up 8.6% the past year, as tight existing home inventories are driving buyers to new builds.

Building Permits slipped in September, all due to multifamilies. Single-family permits rose, as they've done every month since February. And the number of homes under construction is near the highest level on record.

Tight inventories sent monthly Existing Home Sales down in September. The supply of homes for sale, at 3.4 months, is well below the 5 months of a normal market, while the median price is up 2.8% from a year ago.

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