Real Estate Newsletter – 4th Quarter 2024
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Why The Heck Did Mortgage Rates Increase?
Montrose Market Home sales in the Uncompahgre Valley are relatively flat from the same time last year. Mortgage rates are slightly lower from last fall though prices continue to persist upward. The median price of a home in Montrose hit $500K in September, with prices increasing 5.7% over the last 12-months. Inventory levels continue to […]
Why Are Home Prices Still So High?
The summer housing market in the Montrose Region has produced activity very similar to last summer. Sales for the last 3-months are relatively flat, though home prices continue to climb due to low inventory. Taking a wider view of the market, home sales are down 29% from September of 2022. Further, the winter and spring […]
Real Estate Newsletter – 3rd Quarter 2024
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Real Estate Newsletter – 2nd Quarter 2024
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Is it Really Harvest Season?
In what is typically the ‘harvest season’ of real estate on the western slope, the Montrose real estate market experienced yet another relatively flat month, with unit sales in July down approximately 10% from last year, and days on market and available inventory both increasing.
Real Estate Newsletter – 1st Quarter 2024
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Why Do Home Prices Continue to Rise?
The Montrose real estate market has hit record high values entering the traditional spring selling season.
Are Cash Buyers Back in the Game?
The Montrose real estate market has renewed since the most dismal winter for home sales on record. Improving since January’s lull, home sales have continued to mirror market activity similar to last spring. The median sale price for May was $480K or 0.54% higher than last spring, while tracking a 3-month trend. Unit sales, despite […]
Where is 2024 Housing Headed?
The Montrose real estate market has essentially stabilized over the last 12-months. Home prices and sales this spring are mirroring market activity very similar to the spring of 2023. Prices increased 1.3% over the last year to a median sale price of $461,750. Unit sales of homes are also similarly flat. Mortgage rates are approximately […]