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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% for the first two months of the year. Single family residence permits for the County of...

Montrose Market The Montrose Colorado real estate market is traditionally unhurried during the winter months of January and February. This year is different. Since the beginning of the year, buyer activity has been solid with a continuation of momentum from last fall. The number of sales is 26.5% higher than in January of 2020. Housing inventory is down nearly 50% since last January, offering a...

Montrose Market Looking back and comparing 2020 with 2019, we can see some very remarkable trends in the housing market. The 3-month housing price trend for the Montrose market has realized an astonishing 20.2% spike. But, comparing the 12-month year-over-year trends provides a broader view of the market’s activity beyond last quarter’s market exuberance. Housing prices, year over year, gained 10.4%...

Montrose Market The Montrose real estate market is still quite warm, reaching its highest median sales price on record, topping out at $354,900 for the month of November. The 3-month rolling median sales price is 16.44% higher than the previous year, highlighting just how competitive the market still is going into the holiday season. Looking solely at November’s median sales price, year-over-year...