Is The Housing Market Stuck?
Montrose Market The real estate market in Montrose experienced yet another month of confusing and seemingly contradictory happenings. Prices staying steady, and going up, while sales volume continues to plummet to historic levels. Our buyer’s agents who are on the phone with buyers every day and searching high and low for housing options comment often on how […]
Prices Falling in Denver While Prices in Montrose are Going Up
If you own a home in Montrose, congratulations! While the National real estate market continues to see drops in prices in many markets, prices in Montrose remain steady. Hopefully, the last time you looked out your window or walked down your street to admire the San Juan Mountains wasn’t that long ago. Those views are […]
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 […]
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.
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 […]