Here are some of the latest statistics we’ve compiled for the Grand Junction market. It should give you a good idea of where things are at:
- Average home sale price: $222,000
- Average days on market (from list to close): 112 days
- The list-to-sale price ratio is at 97.8%
We currently have five months of inventory here in Grand Junction, compared to the six months we had at this time last year. What this figure means is that if we don’t add another active property to the market, it would take us 5 months to sell everything we have. We’re in what should be considered a balanced market, and headed toward a seller’s market.
There are quite a few hot price points in our area. The hottest is the $100,000 to $199,000 range, with the $200,000 to $299,000 and $300,000 to $399,000 markets following behind. The next hottest market is the $99,000 and below market. Where you think people would be buying, our price ranges are a little higher than what we expected.
If you have any questions for us or want more info about your specific market, give us a call or send us an email. We are here to be your real estate resource!