Are Mortgage Rates Ever Going to Drop?
The Montrose Colorado real estate market seems to be repeating a third year of dismal buying and selling activity. Due to mortgage rates near the 7% range since the spring of 2023, we’re now close to half way through 2025 with unit sales looking exactly the same as the previous two years. With the average […]
Is Housing Inventory Increasing in 2025?
Real estate market activity in the Montrose and Uncompahgre Valley is hitting bumps as it attempts to match the previous 2-years of activity. Heading into the prime spring selling season of 2025, consumers are navigating the housing market with heightened caution as tariff announcements in early April rattled bond and equity markets. Housing prices in […]
Why is Bad News Good for Housing?
The US stock market has begun to shake as Wall Street and individual investors parse through the rapid fire moves of the new White House administration. As stocks have started what’s possibly a longer-term retreat in prices, investors have predictably reacted by jumping into safer assets like 10-year treasury bonds. If the scenario that’s currently […]
Why Did Montrose Home Sales Jump 46%?
The Colorado Western Slope Market Colorado Western Slope real estate values continue to remain resilient despite dismal mortgage-rate trends. Consumers seem to be breaching the real estate log-jam as impressive changes in demand for real estate can be observed for the month of January. Home prices are up 6.4% year-over-year. Further, homes in Montrose experienced […]
Survive Until 25?
The Montrose, Denver, and National Housing Market The Montrose real estate market just finished its second worst year since 2015. The Western Slope is faring better than the national real estate market, which just had its worst year since 1995. Overall, both local and national markets are stagnant due to a combination of elevated home prices […]
Declining Sales But Prices Going Up – January Real Estate Stats
A quick perusal of the graphs shows that despite the concern and ‘the sky is falling’ narrative preached by many, homes in Montrose still went up in price this past year relative to 2022. Yet unit sales continue to decrease, averaging over 23% over the last 3 months. The main consideration here is likely […]
Where is Housing Headed in 2024? – December Real Estate Stats
The Montrose market is quite slow for December relative to the last few years of activity. There are very few homes available for sale and very few buyers actively looking. The big meeting this week at the Federal Reserve will greatly affect what happens in the real estate market in 2024. All eyes are […]
A Chilly Draft In The Housing Market? – November Real Estate Stats
We’ve been experiencing a glorious fall here in Montrose, filled with sunny 60-70 degree days. As I write this now, a chilly, biting wind out of the south is signaling the changing of the guards. The real estate market in Montrose very much follows this pattern as well, as many people who purchase homes […]
Why Are Home Buyers Reassessing? – October Real Estate Stats
The Montrose Real Estate market is following suit with the traditional fall-season slowdown. Kids are back in school and the cooler temps are ushering in the closure of the typical home-purchasing season. Homes are selling, albeit taking longer to sell than what the market has been accustomed to. The housing Inventory is averaging 3.6 […]
Shortest Housing Cycle Ever? – September Real Estate Stats
The Montrose real estate market experienced a resurgence of home prices in August. The surge in the median sale price of existing homes was due to an increase in luxury home sales; 8 of the 9 highest-selling homes in August were purchased with cash. The increase in greenback purchases in the upper-end market is […]