Mortgage Rates:
Mortgage rates are holding steady, showing a slight decrease from last week. This consistent trend offers both clarity and pressure: buyers should prepare for higher payments, while sellers may need to adjust expectations accordingly.

Home Sales & Inventory:
Home sales indicate a shift toward a buyer’s market, with existing-home sales slowing to levels not seen since early 2020. Only 28% of homes are selling above asking price, down significantly from the post-pandemic peak of 53%. Additionally, record-high inventory, approximately $700 billion worth of homes listed, gives buyers substantial negotiating power.

Tips for Buyers:
With increased inventory and nearly 19% price cuts, negotiate favorable deals confidently.

Tips for Sellers:
Price competitively and enhance property presentation to stand out in a crowded market. Consider strategic price adjustments or incentives to attract serious buyers.

In Mesa County

There are currently 692 active homes on the market in Mesa County. This is a 4% increase compared to one week ago.

The average sold price YTD is $461,360 and the median sold price YTD is $399,900.

Mortgage Rates Today

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