The month of January was an active month in terms of Montrose CO real estate. After a relatively quiet end to the 2015 real estate market, the pace began to pick back up for properties being listed, being shown, going under contract, and selling. There were 60 residential homes that were listed for sale in Montrose County in the month of January. Of those 60, 6 have already sold, and 14 are under contract. This means that 33.33% of the homes in Montrose Colorado listed during the month of January have already gone under contract or sold. This is likely due to the available inventory of homes. While more houses are coming onto the market every day, the inventory remains somewhat low from the winter months. This leads to newly listed homes going under contract at a faster rate. Because of this, it is a great time of year to consider listing your home if you have been considering selling. Buying also remains a viable option for many as mortgage interest rates remain low.
While the market is still building to the volume typically seen in summer months, the numbers for January were higher than the numbers seen in recent years. 2016 saw the most homes sold during the month of January since 2007. Also notable is the median price at which homes were listed and sold. The median listed price rose above $200,000, and the median sold remained close at $199,000. 2016 is likely to continue this positive growth. The Montrose CO real estate market is typically 1 to 2 years behind the Denver real estate market. In 2014 and 2015, Denver saw an increase in home sales volume, price, and a reduction in the number of days homes remained on the market. As economic impact filters to the Western Slope, our market should reflect theirs and continue moving in a positive direction.
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January Montrose Real Estate Statistics Colorado Homes for Sale
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Copyright 2015 Keller Williams Colorado West Realty, LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal opportunity housing provider. Each office is independently owned and operated. For sale by owner data not included in research findings. Sales data reflects sales from homes not limited to the Atha Team LLC. This information was gathered from Keller Williams, The National Association of Realtor, CoreLogic data analysis firm, Montrose Association of Realtors, and the Mortgage Brokers Association. This data is considered accurate, but is not guaranteed. Copyright Atha Team LLC 2015. All Rights Reserved.