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Tight Grand Junction rental market mimics housing market

Tight housing market leaves few options for buyers, brokers say

Mesa County’s housing market is tight and only seems to be getting tighter. April ended with just 166 active residential listings, the second-lowest total of any month since January 2013 and just 10 more than March 2021. Of course the 316 homes sold last month and 1,200 this year — both higher than last year — indicates that the market isn’t all bad. “That means that inventory is at least moving. But there aren’t a lot of houses available, so as a homebuyer, your options are limited,” said Kevin Bray, research and development coordinator with Bray Real Estate. “Median prices are going up, and if that continues, you might be priced out.”

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