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Stagflation in Real Estate? – May Real Estate Stats

 Montrose Market The Montrose real estate market is clearly shifting, although momentum increased last month heading into the traditional selling season. Home prices are leveling as housing inventory increases substantially over $600K. Unit sales are down 37% year-over-year, while the median sales price shot up to $489K last month.  The rolling three-month average paints a far less-drastic...

Will Home Prices Stabilize or Tank? – April Real Estate Stats

Montrose Market The Montrose Real Estate market is finding a new trajectory this spring as the upper and lower price ranges continue to diverge. Essentially, the housing market over $500K is now becoming balanced, with an equal number of buyers and sellers. Meanwhile, there are still very few homes for sale under $500K. Consumers in the lower price ranges are finding themselves once again in a...

What is the Future of Luxury Real Estate in Montrose? – March Real Estate Stats

 Montrose Market For the 2nd month in a row, unit sales in Montrose are down in the neighborhood of 40%. We are beginning to see some interesting deviations happening in specific price ranges in Montrose as well, which resemble pre-pandemic levels. Price ranges between $600k and $800k are increasing in supply rapidly, up to what is now over 10 months of available inventory. While many...

Is It Really All About the Rates - February Real Estate Stats

Is It Really All About the Rates? – February Real Estate Stats

 Montrose Market The real estate market is experiencing a typical winter with cool sales and lower inventory levels. Colorado Front Range buyers are avoiding the winter passes while local residents wait for spring to list. Buyers are adjusting their expectations in the new rate environment even though monthly payments are significantly higher than 12 months earlier. Some buyers are...

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