housing demand

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. This metric for June is down 5.7%, now 99.3% of list-to-sale price. Two reasons may...

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 now looks a lot like the rest of the nation, with homes...

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 last year. Prices are up 21.9%, while new listings are flat, relative to 12...

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 are equipped with cash, ready to...