Prices were a lot more resilient than many people expected.

The headlines have an impact, even if they’re not true. While the media said home prices would fall significantly in their coverage at the end of last year, that didn’t happen.

In Mesa County

• There are currently 483 active homes on the market in Mesa County. This is a 2% decrease from 492 last week.

• The average sold price YTD is $432,670 and the median sold price YTD is $390,000.

• There have been 96 price reductions in the last 7 days.

• There have been 85 new listings in the last 7 days.

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

NATIONAL MARKET UPDATE

More homebuyers are searching for homes in areas outside where they live. During Q2 this year, 60.3% of listing views in the top 100 metros went to homes in another metro, an increase over the prior quarter and prior year.

Home flippers keep making money. Flippers who sold in June typically got 61%—or $188,448—more than their original purchase price. This was down from 69% a year earlier, though still a substantial gain.

A recent study by an online real estate database found that nearly 40% of first-time homebuyers under the age of 30 used either a cash gift from family members, or an inheritance, to help fund their down payments.

Note: If you are receiving this unexpectedly it is because you have been placed on a limited distribution of friends and colleagues that I respect and believe will-