In March 2025, U.S. home prices experienced a rare dip, with the seasonally adjusted Case-Shiller National Index declining 0.3% month-over-month—the first such decrease since early 2023.

Despite this, year-over-year growth remained positive at 3.4%, though down from February’s 4.0% pace. The FHFA House Price Index echoed this trend, showing a 0.1% monthly decline and a 4.0% annual increase.

This slowdown reflects a market adjusting to higher mortgage rates and increased inventory, leading to more price cuts and longer listing times, particularly in Sun Belt cities like Tampa and Phoenix. Conversely, markets such as New York and Chicago continue to see robust annual gains.

Real estate in 2025 and 2026 will depend heavily on local trends—Mesa County, for example, may continue to see modest appreciation while some large metro areas may experience flat or declining values.

In Mesa County

There are currently 662 active homes on the market in Mesa County. This is a 2% increase compared to one week ago.

The average sold price YTD is $458,103 and the median sold price YTD is $399,950.

Mortgage Rates Today

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