fbpx

interest rate

Is The Frozen Housing Market Starting to Thaw? – February Real Estate Stats

   The Montrose real estate market had its worst month since 2010 with only 17 homes selling in January. And if you lived in the Uncompahgre Valley at the time, you’ll remember that 2010 was the bottom for the valley. The difference between then and now is the catalyst. Essentially, this housing downturn is interest rate driven, rather than easy lending and speculation as seen in...

Declining Sales But Prices Going Up – January Real Estate Stats

   A quick perusal of the graphs shows that despite the concern and 'the sky is falling' narrative preached by many, homes in Montrose still went up in price this past year relative to 2022. Yet unit sales continue to decrease, averaging over 23% over the last 3 months. The main consideration here is likely the still high-interest rates (relative to much of the last few years), though...

Where is Housing Headed in 2024? – December Real Estate Stats

   The Montrose market is quite slow for December relative to the last few years of activity. There are very few homes available for sale and very few buyers actively looking. The big meeting this week at the Federal Reserve will greatly affect what happens in the real estate market in 2024. All eyes are looking to the Fed, and what they signal, regarding...

A Chilly Draft In The Housing Market? – November Real Estate Stats

 We've been experiencing a glorious fall here in Montrose, filled with sunny 60-70 degree days. As I write this now, a chilly, biting wind out of the south is signaling the changing of the guards. The real estate market in Montrose very much follows this pattern as well, as many people who purchase homes in Montrose are content to ditch the snowy, mountain passes...

Compare listings

Compare