This past year has been tough for homebuyers, leading many to pause their search due to challenges like high prices and competitive offers.

However, the housing market is transitioning, and now may be a great time to resume your search. Here are four reasons why:

1. Rising Home Inventory: The supply of homes for sale has increased significantly, giving you more options to find a suitable home.

   

2. More New Constructions: There's an increase in newly built homes, many of which are smaller and more affordable, addressing the undersupply issue.

   

3. Less Buyer Competition: With mortgage rates still around 7%, buyer demand has lessened, reducing intense bidding wars.

4. Moderating Home Prices: Home prices are increasing at a more normal pace, making it easier to find a home within your budget.

   

If you're ready to buy, the second half of 2024 offers promising opportunities.

In Mesa County

There are currently 540 active homes on the market in Mesa County. This is a 2% increase compared to a week ago.

The average sold price YTD is $450,096 and the median sold price YTD is $399,900.

Mortgage Rates Today

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