Mortgage rates remain high at around 7.25%, driven by inflation and market volatility. Investors continue to demand higher yields on mortgage-backed securities, and a wider spread between rates and the 10-year Treasury yield signals ongoing uncertainty. This week’s Consumer Price Index (CPI) report could push rates even higher if inflation exceeds expectations.

While affordability challenges and seasonality have slowed showing activity, homes that are priced right are still selling in this competitive market. For buyers, this creates an opportunity to negotiate great deals—think strategic price reductions, inspection credits, and other incentives. The market may be shifting slightly, but opportunities abound for both buyers and sellers.

In Mesa County

There are currently 540 active homes on the market in Mesa County. This is a 1.5% increase compared to one week ago.

The average sold price YTD (13 Days) is $471,888 and the median sold price YTD is $385,000.

The average sold price for 2024 was $454,070 and the median sold price was $400,000.

Mortgage Rates Today

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