Newsflash! Montrose is Still a Seller’s Market – November Real Estate Stats
Montrose Market There is a lot about living in Montrose that is unique, compared to most of the rest of the state and country. The housing market is no exception. If we simply take a look at three simple barometers of the local real estate market below, Montrose is still in a seller’s market. […]
Is Montrose Insulated From A Future Correction? – October Real Estate Stats
Where are we currently and where are we headed? The Montrose real estate market is continuing to cool to a manageable pace it once was before the urban flight and pandemic of 2020. We’re seeing numbers reflect what was the market of 2019, with about 15 properties going under contract per week during […]
What is Happening to Home Prices in Montrose? – September Real Estate Stats
If you follow our monthly real estate market reports for Montrose, you’ll recall that July experienced a drastic reduction in unit sales in Montrose. Isolating numbers without proper context can yield to some shaky assumptions, and any thought that Montrose real estate was ‘crashing’ is answered emphatically by the month of August. You’ll see that […]
Are Home Sales Really Down 46%? – August Real Estate Stats
The Montrose real estate market is adjusting to find its new stride amidst several recent changes over the past several months. Buyers, sellers, real estate agents, and mortgage lenders are all attempting to make sense of the market, all the while reeling from the recent and fast-paced fluctuations. Mortgage rates have been extremely […]
Is the Housing Tide Receding back to Normal? – July Real Estate Stats
Montrose Market The Montrose market is in the midst of a shift toward a more balanced seller’s market. The most recent rate increases have sent shivers down the spines of borrowers as mortgage rates now float near 6%. Keep in mind that a 6% mortgage rate is nothing noteworthy relative to the historic average […]
Will Retired Trail Hikers Anchor the Montrose Housing Market? – June Real Estate Stats
Montrose Market Heading into the traditional summer months of the housing market, demand is steady so far while also displaying some early signs of leveling. Homes that typically would fly off the shelf, are now taking slightly longer to sell. Sellers are still experiencing multiple offer situations on their homes, albeit fewer competing offers […]
Trading Mochas for Mortgages – May Real Estate Stats
Montrose Market For those of you following our monthly stats that we produce in-house, we may sound like a broken record. Aggressive appreciation and price gains, supply and demand, multiple offers; this has become all too familiar. Could there be a change in the wind? The recent interest rate hikes are not just […]
Will Rising Rates Crush the Housing Market? – April Real Estate Stats
Montrose Market The Montrose market continues to behave like a summer market as we head into the traditional spring selling season. Home prices in Montrose have increased an astonishing 19% compared to the same period last year, with the median sales price now at $450,000. In addition, homes are selling 102% of list […]
Will New Construction Save the Day? – March Real Estate Stats
Montrose Market Buyers in the Montrose market continue to snatch up new homes at a rapid pace despite record low inventories and record-high prices. Supply and demand are still the fundamentals at play in this historically unprecedented housing market. Several factors are motivating buyers to buy now rather than wait. One: buyers are realizing that […]
A Future Balance in the Force? – February Real Estate Stats
Montrose Market The Montrose real estate market is still peaking with record prices and little inventory. Homes available for sale are now below the 50-unit mark for the first time. Currently, there are only 7 homes available with 3-bed, 2-bath minimum under $400K. Traditionally, the winter is slow for the Montrose real estate market, […]