Mesa County 1st Quarter Trends 2022
Real Estate activity in the first quarter of 2022 was plagued with a low inventory of homes for sale. Rising sales prices and rumors of more interest rate increases were additional factors.
Real Estate activity in the first quarter of 2022 was plagued with a low inventory of homes for sale. Rising sales prices and rumors of more interest rate increases were additional factors.
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.