RE Stats: 4/03-4/10

Keenan Coit, Coldwell Banker Distinctive Properties

April 10, 2023

 In Mesa County

  • There are currently 424 active homes on the market in Mesa County. This is a 3% increase from 411  last week.

  • The average sold price YTD is $409,582 and the median sold price YTD is $365,000.

  • There have been 74 price reductions in the last 7 days.

  • There have been 83 new listings in the last 7 days.

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

  • The average DOM for the active homes is 94.

NATIONAL MARKET UPDATE

Spending on residential construction in February slipped a tad (about half a percent below January), coming in nationally at a strong $852.1 million annual rate. However, spending is still around 5% below last year. 

Black Knight reports a February monthly gain in home prices after seven months of declines. But the U.S. annual home price growth rate keeps sliding, falling to 1.94% in February, the first time that figure fell below 2% in 11 years.

Freddie Mac's Chief Economist observed, "Mortgage rates continued to trend down entering the traditional spring homebuying season," though there's still a "low inventory of homes for sale, especially for aspiring first-time homebuyers."

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