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- Real Estate Stats: 01/12-01/19
Real Estate Stats: 01/12-01/19
Keenan Coit, Coldwell Banker Distinctive Properties
Since we already covered the $200B mortgage backed securities news last week, the bigger story now is what it’s doing to rates and expectations heading into spring. Mortgage rates briefly dipped to the low 6% range, but trading has been choppy, so we should expect some week-to-week volatility as the market waits for more clarity.
Inflation is still running around the mid 2% range, which makes it likely the Fed holds steady at the late January meeting, but a spring cut is still on the table if inflation and jobs keep cooling. If we do get even a modest drift into the 5s for well qualified buyers, that could pull more people off the sidelines and speed up showings and offers.
On the inventory side, supply has improved compared to last year, but it’s still not fully back to the more normal pre 2020 levels, which is why well-priced homes can still move quickly even in a rate sensitive market.
Washington State is also considering a rule that would require listings to be marketed publicly, which could impact how “coming soon” and off market strategies work if it spreads to other states.
In Mesa County
There are currently 596 active homes on the market in Mesa County. This is a 1% decrease compared to one week ago.
The average sold price YTD is $409,295.
The median sold price YTD is $372,000.
Mortgage Rates Today
My Active Listings!
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