Housing inventory high: latest Bray report
Mesa County’s housing market recorded its highest May inventory since 2017, with 832 active listings and slower sales, while median home prices remained stable at $423,500. The report highlights a shift toward buyer negotiation power and a widening gap in inventory availability across different price ranges, with luxury properties facing the longest market times.
Mesa County’s housing market saw the highest May inventory in nine years, with 832 residential properties listed as of June 12, 2026, according to Bray & Co. Real Estate. The surge in supply coincides with a 15.3% drop in May sales compared to 2025, totaling 249 closings—a 10.2% decline in year-to-date transactions from 2025’s 1,174 sales to 2026’s 1,054. Sales activity has slowed further, with a median market time of 63 days this May, up from 54 days in 2025. Year-to-date sales volume also fell from $538.8 million in 2025 to $487.1 million in 2026, though median home prices held steady at $423,500, reflecting slight growth from $410,500 in April 2026. The report notes a shift in market dynamics, with buyers gaining negotiating leverage due to increased inventory. Homes priced between $200,000 and $399,999 sold quickly, with roughly two months of supply, while higher-end properties—$500,000 to $749,000 and above $1.25 million—face longer inventory periods of 4.5 months and a year, respectively. Construction activity has softened, with only 52 single-family permits issued in May 2026, down from 71 in 2025. Bray & Co. attributes the trends to stable home values but slower sales, creating a more buyer-friendly environment. The report highlights a stark contrast between mid-range and luxury markets, where higher-priced homes see significantly more inventory buildup.
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