Real Estate Stats: 03/31-04/07

Keenan Coit, Coldwell Banker Distinctive Properties

April 07, 2025

A Shift in the Market

We’re starting to see more signs of softening in the national new construction market, and these latest charts offer a glimpse into what’s happening across the U.S.

This index shows that supply slack is increasing nationally—but not to the levels we saw during the 2008 crash. We’re now closer to the more balanced market of 2019.

Inventory trends vary by region. While places like Denver and Austin have more homes for sale than before the pandemic, cities like Hartford, Chicago, and Rochester are still far below pre-2020 levels.

The number of finished but unsold homes nationally just hit its highest level since July 2009—yet it’s still far below the levels seen during the Great Recession.

Local Perspective: Mesa County Is in a Different Spot

While national headlines point to rising inventory and softening demand, Mesa County tells a different story. We’re still underbuilt, with supply levels below pre-pandemic norms and demand fueled by steady job growth, population increases, and strong local economic conditions.

Even with a recent uptick in permits, we’re not building fast enough. Estimates suggest Mesa County needs 1,000 to 1,750 new units per year to meet current and future demand—but we only issued about 325 permits in 2023. That supply gap keeps prices stable and demand strong.

In short, Mesa County real estate remains in great shape, and most of the national trends in these charts reflect conditions in larger metro areas—not our local market.

In Mesa County

There are currently 554 active homes on the market in Mesa County. This is a a slight increase compared to one week ago.

The average sold price YTD is $448,818 and the median sold price YTD is $394,000.

122 Active Listings

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

91 Sold Listings

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

Mortgage Rates Today

In the KEY of KEE

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