Will This Robust Local Market Continue? – October Real Estate Stats
Montrose Market Observing market trends over the late-summer and early-fall of this year, with comparison to last year, it appears that the Montrose Real Estate market is running red hot. Full calendar year comparisons will provide a more complete reading, but as of the previous 3-months, the Montrose market looks very strong. This robust market […]
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 […]
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 Making Buyers Pause? – October Real Estate Stats
Montrose Colorado Market The Montrose housing market has been on a steady leveling trend over the last month. Homes that would have been under contract within several days after going live on the market, are now taking several weeks. The overall subjective feel for the market, local agents are reporting, is that buyers are purely […]
Montrose Real Estate Market Update – May 2014
National Real Estate Market – May 2014 On a national level, home prices are up 5.4% from last month and are up 7.7% from the same time last year. The median sales price is $191,600. Fewer homes are selling on the national level as home prices continue to rise. Affordability, tight credit, and a diminishing […]