RE Stats: 7/17-7/24

The Colorado Association of Realtors just released their June report for Mesa County. Year to date, new listings are down 25%, sold listings are down 21%, and days on market has risen by almost 40%.

In Mesa County

• There are currently 421 active homes on the market in Mesa County. This is a 4% decrease from 444 last week.

• The average sold price YTD is $426,732 and the median sold price YTD is $387,000.

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

• There have been 113 new listings in the last 7 days.

• There have been 123 pending listings in the last 7 days.

NATIONAL MARKET UPDATE
 

After May’s big surge in home building, things slowed down in June, as Housing Starts slipped slightly for the month. But, looking to the future, single-family Building Permits hit their highest level in 12 months.

The market for new homes is clearly improving. NAHB homebuilder sentiment saw its seventh straight gain in July, hitting the highest reading in over a year, as a solid majority of builders view conditions as good.

Existing Home Sales posted a small decline for June. But, good news for buyers, the median price has fallen a bit the past year. Good for sellers, tight inventories will prevent any large price drops.

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