What’s going on in the market? I wanted to give some predictions for what will happen in the springtime in the Grand Junction market.
As of today, we have a little more than 2,400 active units on the market across all property types. In terms of residential-only units, there are just over 1,200 active. This still puts us around four months of inventory, meaning that if no new homes were listed for sale in our market, we’d sell out of the available inventory in the next four months.
When supply is less than six months, it pushes us into a seller’s market.
We also see this year that resale home inventory is really low. If you’re selling your home or thinking about selling in the near future, now would be a great time to get a market analysis on your home to see what it’s worth and how much you could sell for right now.
We also anticipate that new construction for homes will be on the rise this spring and summer. Our team has some strategic alliances with builders in our local area, so if you’re looking to buy, sell, or invest in real estate, reach out to our team today. We’d love to help you out!