Coronavirus

Montrose Market Although we are starting to see rules lifted in regards to “Safer at Home,” May shares a similar real estate story as April. The number of homes sold in May has dropped drastically relative to May the year prior with a 47% decrease. Average days on market and list-to-sold prices remain strong with an average of 50 days on market, which is 28% less than April 2020 and an average of...

Montrose Market During the month of April, the local real estate market was at a near-standstill due to the Shelter in Place Order. Real estate was eventually determined an “essential business” during the Shelter in Place Order for the month of April, but only to service pending sales. As a result, the Montrose real estate market experienced a 42% drop in showings for the month of April and a 51%...

Montrose Market The Montrose real estate market is slowing as the current effects surrounding the COVID19 epidemic impact our local community. Although the real estate industry is considered a critical business by the State of Colorado, the shelter-in-place mandate is being taken seriously by agents, home buyers, and home sellers. This has led to the obvious impact of a slow-down in buyers physically...

Montrose Market Despite the flurry of activity in the stock market and international news, buying and selling in Montrose continues to show no signs of slow-down. Spring traditionally tends to yield a surplus in new listings, and we are beginning to see an increase in properties hitting the market. However, total inventory across all price ranges hasn't increased substantially, new properties which are...