RE Stats: 2/21-2/27

Keenan Coit, Coldwell Banker Distinctive Properties

February 27, 2023

In Mesa County

  • There are currently 473 active homes on the market in Mesa County. This is a 3%  decrease from 486 last week.

  • The average sold price YTD is $405,511 and the median sold price YTD is $364,000.

  • There have been 56 price reductions in the last 7 days.

  • There have been 66 new listings in the last 7 days.

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

  • The average DOM for the active homes is 100.

NATIONAL MARKET UPDATE

New Home Sales jumped 7.2% in January, up for the second month in a row. Even better, the median price is below a year ago and inventories have made big gains, reaching a 7.9-month supply, giving buyers more options.

Existing Home Sales slipped 0.7% in January, but good news came with the annual median price gain falling for the seventh straight month, now just 1.3% up from a year ago. Plus, listings rose and are up 15.3% from a year ago.

January’s dip was the smallest in a year, prompting the NAR to observe, “Home sales are bottoming out…with lower-priced regions witnessing modest growth and more expensive regions experiencing declines.”

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