Will Montrose Follow the National Uptick in Sales? – September Real Estate Stats
Montrose Market The Montrose market decelerated overall in the month of September, evidenced by the number of home sales sinking by 27% from August. Days on market and saturation rates increased, also echoing a softening in purchase activity. This reduction could be attributed to school going back in session, home-price surges, and home buyers not […]
A Shift in the Upper-End Market? – August Real Estate Stats
Montrose Market The Montrose Colorado real estate market is continuing to follow a national trend of tapering prices and diminishing inventory. The month of August experienced an 18% drop in the number of homes sold for reasons unknown. But given the steadily shrinking inventory levels throughout the previous 8 months of 2019, and the chart […]
Are Low Mortgage Rates Encouraging Buyers? – July Real Estate Stats
Montrose Market As Montrose real estate prices remain on an upward trend, local home buyers are nurturing a careful watch on the market’s trajectory. The median home sales price rose 4.86% in the last 3 months alone, from $262,500 to $275,900. As the median sale price continues to increase, the number of homes sold has […]
Market Shifting in Favor of Buyers? – June Real Estate Stats
Montrose Market We’re halfway through the year, and it feels like summer finally arrived here in Montrose. The real estate market is on a steady pace with some slight slowdowns in sales and the time homes spend on the market. Total home sales by unit were down 5.6% for the first 6-months of this year […]
Cold Spring Slows Sales – May Real Estate Stats
Montrose Market The Montrose Colorado real estate market is experiencing some interesting trends over the short term. The number of homes selling in Montrose has been flat over the past two months as values continue to increase in the middle and lower price ranges. We’ve had two months of considerable increases in the amount of […]
Montrose Has Been Discovered! – April Real Estate Stats
Montrose Market The Montrose Colorado real estate market is strong. There is still a steady in-flux of buyers from the Front Range and out-of-state. Local title companies and brokers can attest to this steady stream of active buyers. Currently, out of the 188 homes active on the market, only 56 are priced under $300K. To […]
Will Mortgage Rates Increase Buyer Interest? – March Real Estate Stats
Montrose Market Coming to an end of the first quarter of 2019, we are continuing to see a slow down in inventory which brings the inevitable price increase. Compared to March of 2018, we have only seen an increase of approximately 3.04% from $246,300 to $254,000 in median home prices. The most drastic issue we […]
Will the Trend Continue? – November Real Estate Stats
Montrose Market Everyone is asking the same question, how much longer will we continue to see an increase of median sales prices in Montrose? The market is up an approximate 11.4% since this time last year. Many people say there has been a shortage of inventory but we have actually seen an increase of about […]
What is causing the Jump in the High End Market? – July Real Estate Stats
Montrose Market The Montrose Colorado real estate market, along with the summer weather, has been unpredictably hot. The market under $300K has experienced an averaged 41% decline in available inventory over the previous 5.75 months of 2018, compared with the same period last year. Interestingly enough, total sales volume in Montrose Colorado is up 5.9% […]
June 2018 – Montrose Colorado Real Estate Market Update
Montrose Colorado As home prices continue to trend upward, the number of properties selling remained relatively flat in June. In relation to June of last year, the Montrose real estate market experienced a 15% gain in sale prices. Absorption/saturation rates have increased in the $400-500K price range as more properties have entered the market for […]