In Mesa County

• There are currently 491 active homes on the market in Mesa County. This is a slight 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 95 price reductions in the last 7 days.

• There have been 82 new listings in the last 7 days.

• There have been 73 pending listings in the last 7 days.

NATIONAL MARKET UPDATE

CoreLogic Home Price Insights showed home prices accelerated in July, up 2.5% annually, after 1.6% yearly growth the prior two months. Prices have now risen annually six straight months, and are 5% above their February low.

According to the National Association of Home Builders, nearly a third of all listings in July were new construction. Historically, new homes have accounted for only about 10% to 15% of the market.

A national real estate investment company’s data revealed many flippers are snatching up vacant, dilapidated homes and renovating them, adding turnkey inventory that is 30% to 40% less expensive than new constructio

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