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 […]
Slow Down in the Real Estate Market? – February Real Estate Stats
Montrose Market For months now we have been hearing that we are expected to have a slowdown in the local market. This could cause prices to lower and buyers to get a more level playing field with sellers. Has this finally come? Aldo Svaldi with the Denver Post states that “the decline in median home […]
How Did The Government Shutdown Affect Real Estate? – January Real Estate Stats
Montrose Market The Montrose housing market is still strong with buyers eager to jump if the product and price is right. Recent inventory coming on the market has been priced high, and buyers are willing to wait as they’ve seen price drop trends through the fall and winter. Homes priced at fair market value though, […]
What Happened in 2018? – Recap of the Montrose Housing Market
Montrose Market The Montrose real estate market just finished a phenomenal 2018. Although some tapering was felt in the moderate to mid-price ranges mid-year, the number of homes sold in the Montrose region was up 5% from the 2017 calendar year. The median sales price of homes sold in Montrose increased 9.6% in 2018, compared […]
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 […]