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
Previous Next Please use the arrow buttons on the side to scroll to the next page. For a larger picture, please click on the image.
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 […]
Is the Luxury Market in Montrose Slowing?
The Montrose real estate market is primed for a spring revival as housing inventory volumes increase. The housing marketplace seems to be shifting into a buyer’s market over the $500K price range. With fewer buyers making acceptable offers, more properties have been lingering on the market in the upper-end price range during the winter months. […]
Is Timing the Housing Market a Catch-22? – March Real Estate Stats
https://youtu.be/UIiKe5saiJ8 The market is a little bit of a catch-22 environment for buyers due to the limited supply of homes. If rates decrease, home prices are expected to increase, as lower mortgage rates will induce an increase of buyers. This will then place upward pressure on home prices and added competition for the limited supply of […]
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 […]
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 […]