79.3% Increase in Homes Sales July 2015 Over July 2014
A shortage of available homes in the Redlands area of Grand Junction has not deterred robust sales. There was a 19.6% decrease in homes for sale and the Months Supply of Inventory (MSI) is off -29.1% over 2014.
|Median Sales Price||$300,000|
|% of List Price Received||96.2%|
|Days on Market Until Sale||93|
|Inventory of Homes for Sale||167|
|Months Supply Inventory||6.6|
|Median Sales Price||$343,250|
|Average Sales Price||$355,955|
|% List Price Received||99.1%|
|Days on Market Until Sale||111|
|Inventory of Homes for Sale||152|
|Months Supply Inventory||5.6|
From January 1, 2014 until the end of July, 2014 there were 163 homes sold. July 2015 numbers are considerable better with total homes sales at 201, a 23.3% increase. There was a 5.5% increase in new listings which is very low. The year should end on a very positive note for the Redlands home sales and all of Grand Junction.