Economic Data to Watch This Week:

Tuesday: CPI (Consumer Price Index)

Wednesday: PPI (Provider Price Index)

Wednesday: Fed Interest Rate Decision

In Mesa County

• There are currently 416 active homes on the market in Mesa County. This is a 5% increase from 396  last week.

• The average sold price YTD is $423,420 and the median sold price YTD is $380,000.

• There have been 78 price reductions in the last 7 days.

• There have been 120 new listings in the last 7 days.

• There have been 96 pending listings in the last 7 days.

NATIONAL MARKET UPDATE
 

The Fed Beige Book revealed, “Residential real estate activity picked up in most Districts despite continued low inventories,” while “home prices and rents rose slightly.” This is based on data and interviews from Fed Districts nationwide.

CoreLogic reports U.S. home prices in April were up 1.2% for the month and 2% ahead of last year, representing “above average seasonal monthly gains and a rebound in home prices in most markets.”

Realtor.com notes the number of homes actively for sale in May increased by 21.5% versus a year ago. Homes were on the market 43 days, a bit longer than last year but shorter than pre-pandemic. 

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