Shortest Housing Cycle Ever? – September Real Estate Stats
The Montrose real estate market experienced a resurgence of home prices in August. The surge in the median sale price of existing homes was due to an increase in luxury home sales; 8 of the 9 highest-selling homes in August were purchased with cash. The increase in greenback purchases in the upper-end market is […]
Is The Market Still Strong If You’re Selling a Home? – August Real Estate Stats
Montrose Market Depending on who you are, the Montrose Colorado real estate market is either crashing or still quite strong. Home buyers who have been sitting on the sidelines, waiting for “a good deal”, expound upon the woes of 2008. Other home buyers are attempting to time the market and talk of an “everything […]
2-Years of Housing Inventory? – July Real Estate Stats
Montrose Market The local Montrose housing market experienced an activity uptick in June relative to the prior two months. The mid-spring 3-month unit sale average was down only 23% from the previous 12 months, due to an uptick in June sales. Not bad considering the winter season was down close to 40% from the previous […]
Will Luxury Home Prices Crater? – June Real Estate Stats
Montrose Market Market trends for the Montrose Colorado region are beginning to normalize headed into the summer selling season. Now having experienced a traditional spring, housing activity is trending into what may be a new market environment. Homes priced over $700K are now technically in a strong-buyer’s market, with inventory in this range cresting […]
Stagflation in Real Estate? – May Real Estate Stats
Montrose Market The Montrose real estate market is clearly shifting, although momentum increased last month heading into the traditional selling season. Home prices are leveling as housing inventory increases substantially over $600K. Unit sales are down 37% year-over-year, while the median sales price shot up to $489K last month. The rolling three-month average paints […]
Will Home Prices Stabilize or Tank? – April Real Estate Stats
Montrose Market The Montrose Real Estate market is finding a new trajectory this spring as the upper and lower price ranges continue to diverge. Essentially, the housing market over $500K is now becoming balanced, with an equal number of buyers and sellers. Meanwhile, there are still very few homes for sale under $500K. Consumers in […]
What is the Future of Luxury Real Estate in Montrose? – March Real Estate Stats
Montrose Market For the 2nd month in a row, unit sales in Montrose are down in the neighborhood of 40%. We are beginning to see some interesting deviations happening in specific price ranges in Montrose as well, which resemble pre-pandemic levels. Price ranges between $600k and $800k are increasing in supply rapidly, up to […]
Is It Really All About the Rates? – February Real Estate Stats
Montrose Market The real estate market is experiencing a typical winter with cool sales and lower inventory levels. Colorado Front Range buyers are avoiding the winter passes while local residents wait for spring to list. Buyers are adjusting their expectations in the new rate environment even though monthly payments are significantly higher than 12 […]
What the Heck Happened in 2022? – January Real Estate Stats
Montrose Market Looking at last year’s real estate market and further back to 2015, one can observe the monumental wealth created through home ownership in the Uncompahgre Valley. Over the past seven years, homeowner’s net worth increased by 50% in Montrose, adding approximately $200,000 to household real estate values. Local and out-of-area demand continued […]
A Long Winter Ahead for Real Estate? – December Real Estate Stats
Montrose Market The Montrose real estate market is currently experiencing a traditional winter season in relation to market activity, similar to 2017 and 2018. Housing inventory has increased 22.5% since its low in March but still remains tight with 3.1 months of inventory in November. Home prices in Montrose are down 10% from a […]