February’s 187 residential real estate sales in Mesa County were up 8 percent over February 2024, while listings were 31 percent higher year over year for February with 561, according to data gathered by Bray & Co. Real Estate.
February’s median price of $394,000 was up 10 percent year over year, while the average of 78 days on the market was three days more than the average in February 2024.
Sellers also received an average of 99 percent of the list price, compared to 98 percent the previous February.
Bray & Co. Real Estate Sales Manager Stewart Cruickshank noted February followed a similar trend to January with increases across most areas, but the median price was down slightly, less than 1 percent, in February from January.
“Looking at historical trends, February sales have outpaced both 2024 and 2023, but remain below pre-pandemic and the pandemic-influenced levels from 2019 to 2022,” Cruickshank said. “While it’s difficult to say whether this signals a full market recovery, it does suggest that buyers and sellers are adjusting to the reality of today’s interest rates. The once extreme and slightly scary shift away from 2 to 3 percent rates is settling in as the new normal.”
Year-to-date figures through February reflect strong growth over 2024 numbers. So far in 2025, units sold have increased by 18 percent, rising from 296 to 348, while total sales volume has increased 33.5 percent, with a total of $158.33 million compared to $118.6 million in 2024.
The most popular price range for residential sales has been between $300,000 and $399,000 with 103 sales year to date, followed by 70 sales in the $500,000–$749,000 range, 66 sales in the $400,000–$499,000 range, and 58 sales in the $200,000–$299,000 range.
The most popular area to buy has been Northeast Grand Junction with 54 sales, followed by North Grand Junction at 45, Grand Junction City at 45 and Southeast Grand Junction at 38. Clifton, Fruita, Orchard Mesa and Redlands each have 30 sales so far in 2025.
Year-to-date single-family building permits, including townhome permits, are up 23 percent year-over-year, indicating steady building and development activity.
Cruickshank said active listings “have remained consistent with the past few months” but are up 38 percent over February 2024.
Months of inventory currently sit at three months, down from 3.5 months in January, but still above the 2.6 months recorded in February 2024.