This week our report out of the Western region of the United States shows that most local markets are adjusting to the downturn in the real estate market as they move further into spring.

Denver, Colorado, market experts Tony and Cindy Anderson say that homes in their market are spending around 70 to 120 days on the market, and prices continue to be unchanged.

Concessions are being given to buyers, they say, as sellers compete to offload their homes.

Over in Mesa, Arizona, Patricia Hill says the FHA is helping first time buyers enter this market, and now is a great time for both buyers and investors.

Hill says the average price for a single family home in Mesa dropped to $233,956 and spends an average of 122 days on the market, reports Hill.

And finally on to Costa Mesa, California, where market expert Ginger Aliotta says her market has plenty of inventory, giving buyers a wealth of homes to choose from.

Homes are sitting longer on the market these days, Aliotta says, but those that are priced right and in good condition are selling.

That's all for our Western Regional Report this week. Be sure to check back for information on your market.

Log in to comment