The Real Estate Market for 2026 is beginning to look very similar to 2025, but with a few twists. Overall activity in the Montrose market is flat compared to last spring. The difference is in the early start to this year’s selling season due to an unusually warm March. Headed into May, we’re experiencing a more balanced market. Mid-range homes priced between $500-700K have a very balanced market with inventory near the 6-month mark. A strong seller’s market is still dominating the lower-tier market of homes priced under $500K. The upper and luxury market is slightly-favoring buyers in the $700K plus range.
The entire market’s months of available inventory decreased to 5.6, with an equal number of buyers and sellers overall, though variations exist in price range and product. Sellers must be positioned properly and ready to compete for the few buyers that are willing and able to transact in the mid and upper tier.
There is a better selection of homes for buyers in the current market. New-to-market homes listed for sale increased by 28% year-over-year. Well priced and desirable homes do go fairly quickly and multiple offer scenarios are still happening for desirable and well positioned properties.
The median price of a home is now $475K, up 6.3% from the same time last year. The Uncompahgre Vally and Western Slope is still proving resiliency as a move-to destination, hence the solidification and slight growth in home prices.
The Number of cash purchases is still substantial, driving demand for homes despite mortgage rate increases. Current mortgage rate are still near 6.5% and have contributed to some cooling in buyer activity in recent weeks. Realistic mortgage rate projections show little change by year’s end, although some projections are rosy, current inflation data would suggest rates hold-steady or even increase.
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