RE Stats: 7/10-7/17

Keenan Coit, Coldwell Banker Distinctive Properties

July 17, 2023

Here are two charts that explain why we have low inventory!

In Mesa County

  • There are currently 444 active homes on the market in Mesa County. This is a 3% increase from 431 last week.

  • The average sold price YTD is $425,451 and the median sold price YTD is $386,000.

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

  • There have been 105 new listings in the last 7 days.

  • There have been 109 pending listings in the last 7 days.

104 New Listings

Click here to view new listings over the last week

78 Sold Listings

Click here to view sold listings over the last week

NATIONAL MARKET UPDATE
 

Black Knight’s home price index hit a new record high in May, showing that last year’s home price correction has now fully reversed. May’s 0.7% monthly gain equates to an 8.9% annualized growth rate going forward.

CoreLogic’s analysis revealed home prices grew in May for the fourth straight month. However, annual price growth dropped below 2% for the first time in 11 years, but CoreLogic forecasts a 4.5% price gain by May 2024.

Zillow reports the typical home value in June broke through $350,000 for the first time ever. The new peak of $350,213 eclipses the prior record set in July 2022 and will hopefully motivate more people to sell.

Here is a link to listen to my music!

Keenan Coit | Linktree

View keenancoit’s Linktree. Listen to his music on Spotify, Apple Music, and more here.

https://linktr.ee/keenancoit

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