1st Quarter Sales Trends
Local As we come into the Second quarter of 2018 it’s clear that the trend of decreasing inventory and increasing home prices continue. The average number of homes active on the market below $300,000 has decreased by 18% from 95 to 78 from the first quarter of 2017 to the first quarter 2018. There has […]
Will Local Real Estate Rise or Fall? – February Real Estate Stats
Local Market Montrose Colorado’s residential housing market experienced relatively high numbers for January sales. Homes sold for almost 29% more in January 2018 than in January 2017 and we saw 13% more sales last month than a year ago. Are these numbers ramping up due to the unseasonably high temperatures or is it a result […]
What Happened in 2017? – Recap of the Montrose Housing Market
2017 Recap of the Montrose Housing Market The Montrose Colorado real estate market held par with the previous 4 years of growth through 2017. The market experienced price gains of approximately 7% over the calendar year, keeping up with the previous annual gains of 7%, median year-over-year, since 2012. In total, 742 homes sold in […]
December 2017 – Montrose Colorado Real Estate Market Update
Fewer Foreclosures and a Strong Sellers Market – Seize the Market! Local Real Estate Indicators The local real estate market is performing at a solid pace. It is not as strong as the Mesa County or general Colorado market but population and labor force growth prohibit a large expansion of housing in Montrose. The […]