RE Stats: 4/24-5/1

Keenan Coit, Coldwell Banker Distinctive Properties

May 01, 2023

  • There are currently 420 active homes on the market in Mesa County. This is a 2% increase from 412  last week.

  • The average sold price YTD is $411,434 and the median sold price YTD is $370,000.

  • There have been 55 price reductions in the last 7 days.

  • There have been 115 new listings in the last 7 days.

  • There have been 125 pending listings in the last 7 days.

  • The average DOM for the active homes is 85.

NATIONAL MARKET UPDATE

Single-family housing starts rose 2.7% in March, up for the second month in a row for the first time since 2021. With the drop in multi-units, overall starts were off a tick, but homes under construction remain near the highest level on record.

That backlog of projects tells why building permits fell in March. The National Association of Home Builders sentiment index rose for the fourth month, though still less than half the builders see conditions as good.

Sales of existing homes cooled in March after their big February surge. The good news for buyers was that median prices fell 0.9% from March 2022 and are down 12.7% from their mid-2022 peak.

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