luxury real estate

 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...

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...

 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...

The April 2016 Montrose Co real estate market experienced an ever-tightening inventory in the lower and middle price ranges while the higher-end real estate market remained soft. The National market, as well as the local Montrose Co real estate market is undergoing what’s considered “a two market syndrome” (Housing Market Takes On Split Levels). Two Markets This two-market condition is being felt...