Real Estate Stats: 01/22-01/29

Keenan Coit, Coldwell Banker Distinctive Properties

January 30, 2024

A homebuyer with a $3,000 monthly budget can now afford a $453,000 home.

That’s $40,000 more than they could in October when mortgage rates reached an average peak of 7.8 percent.

In addition to expanding buyers’ budgets, the drop in rates from an average of 7.8 percent to 6.7 percent has reduced the typical mortgage payment on a median-priced home from $2,713 to $2,545.

In Mesa County

There are currently 463 active homes on the market in Mesa County. This is a 1% decrease compared to two weeks ago.

The average sold price YTD is $392,950 and the median sold price YTD is $355,000.

77 New Listings

Click here to view the new listings from the last week.

40 Sold Listings

Click here to view the sold listings from the last week.

Mortgage Rates Today

Will a Silver Tsunami Change the 2024 Housing Market?

Have you ever heard the term “Silver Tsunami” and wondered what it's all about?

www.keepingcurrentmatters.com/2024/01/29/will-a-silver-tsunami-change-the-2024-housing-market

There may be little to recover in the $300 billion Evergrande debt saga

Evergrande was once China’s biggest property developer. Now, it has been ordered to liquidate.

www.businessinsider.com/evergrande-ordered-liquidate-china-real-estate-property-crisis-winners-assets-2024-1

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