Real Estate Summary: February 22nd

There are currently 191 active residential listings in Mesa County which is up slightly compared to last week.  The average list price of those active homes is $589,0000 which is $9,000 higher than last week.

The National Association of Realtors report that existing home sales rose 6.5% in January marking a hot start to the year after sales dipped slightly in December. The inventory of homes fell to a new low of 860,000.

The weekly new listing inventory continues to be almost double each week from January. While, active inventory is still low, the increase in weekly inventory will hopefully push us towards a more stable amount of active listings in the valley, but that won't happen anytime soon.

• US stock markets were closed yesterday due to Presidents' Day, but deal flow, foreign equities, and crypto remained active

• Investors continue to monitor the ever-changing Russia-Ukraine conflict

• The other primary market driver continues to be monetary policy, as investors watch how the Fed plans to react to inflation

Last Weeks New Listings 

Last Weeks Sold Listings