GRAND JUNCTION, Colo. –
For the past year or so real estate, especially in Grand Junction, has been harder to come by. Low inventory and high demand, means sellers can charge more for homes and property.
According to the June “Bray Report” sales are slightly down from this time last year (11%). But home values have still surpassed numbers from before the economic recession that hit some 12 years ago. And median home sale prices, $251,000, are up from last year too. (7%)
The wet weather from the winter and spring months haven’t helped matters when it comes to inventory. Construction slowed through the early months leaving would-be purchasers with fewer choices.
As for the next half of 2019? Real estate agents KREX spoke with say they expect to see more of the same: Low inventory, high demand, and higher property value.