Grand Junction, CO housing market

In Grand Junction, one in four home sellers just cut their price, and values are still rising. That split is the story this month, and it matters a lot if you are thinking about selling. Start with the good news: the typical home here is worth about four hundred fifty-one thousand dollars, up about 2.4 percent from a year ago. But sellers are aiming higher than buyers will go. The median list price is around four hundred ninety-three thousand dollars, roughly forty thousand dollars above the typical value, and buyers are not chasing it. Homes are sitting about 53 days before going under contract. With about 634 homes for sale and only around 220 new listings coming on, buyers have time to compare and wait. Here is the turn: nearly 26 percent of those listings have already cut their price. That is what overpricing costs you in this market, weeks of sitting followed by a cut. If you are selling, price at or near the typical value from day one, not the four hundred ninety-three thousand dollars wish number, and you are far more likely to be the listing that sells than the one that cuts. For a clear starting point, get a free home value estimate at Home Value Pros dot com.