In Mesa County

• There are currently 522 active homes on the market in Mesa County. This is a slight decrease from 529 last week.

• The average sold price YTD is $430,421 and the median sold price YTD is $390,000.

• There have been 91 price reductions in the last 7 days.

• There have been 87 new listings in the last 7 days.

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

NATIONAL MARKET UPDATE

New Home Sales soared 12.3% in September, the biggest gain in more than a year, sending sales up 39.8% over the July 2022 low. Inventories were up by 3,000, while the median selling price was down 12.3% from a year ago.

The Pending Home Sales index of contracts signed on existing homes reversed its recent monthly slides, heading back up in September. This points to increased existing home sales in October and November.

The NAR predicts existing home sales will end 2023 down, then rise 13.5% in 2024, the median price up less than 1%. New home sales will be up 4.5% in 2023, and 19.4% in 2024, the median price down 5.9% in 2023, but up 3.5% in 2024.

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