Why Is Inventory Down, But Sales Up? – August Real Estate Stats
Montrose Market The Montrose real estate market is strong and in full summer swing. Though rumors circulate about the local and national markets slowing, the data for Montrose points to an extremely strong housing market. Total homes sold, from January 1 – July 31, are up a staggering 30% relative to the same period last […]
Rumors of Softening? – July Real Estate Stats
Montrose Market The Montrose real estate market is still as hot as the scorching heatwave experienced over the last 4 weeks. With that said, this month’s numbers are showing a slight decline in price activity in the lower and middle price brackets. The list-to-sale price for the month of May was 105% of asking price. […]
Will Competitive Prices Edge Out Preapproved Buyers? – June Real Estate Stats
Montrose Market The Montrose market continues to outshine and surpass the national real estate market. Total home sales, year-to-date, are up 32% from the same period last year. What’s even more astounding is the luxury market’s performance with an increase of 300% YTD in the number of homes sold over $500K. The entire Montrose market […]
How Low Can You Go? – May Real Estate Stats
Montrose Market The Montrose Colorado real estate market is continuing its trajectory into the traditional spring selling season. The notable difference for this year is that the market really never slowed down through the winter. This is evidenced by the number of homes sold for the month of April, up 35% from the same time […]
Is Our Small Town Growing Into a Major Metro? – April Real Estate Stats
Montrose Market The Montrose real estate market has officially evolved into a Denver-style market. Multiple-offer situations, which are old news, have been occurring since 2015. What’s making the local market look like a metro, are the multiple-offer situations now occurring in the high-end luxury market. What’s even more eye-opening is the number of buyers who […]
Will Strong Buyer Demand Continue Into Spring? – March Real Estate Stats
Montrose Market Steady and strong demand for Montrose housing is setting the precedence for another strong year ahead. Residential home sales are up 17% over the last 3 months, while price gains are still up a whopping 20% compared to the same time last year. Building permits in the City of Montrose are up 44% […]