Is Housing Inventory Increasing in 2025?
Real estate market activity in the Montrose and Uncompahgre Valley is hitting bumps as it attempts to match the previous 2-years of activity. Heading into the prime spring selling season of 2025, consumers are navigating the housing market with heightened caution as tariff announcements in early April rattled bond and equity markets. Housing prices in […]
Did the Stock Sell-Off Cause a Drop in Mortgage Rates?
The real estate market in the Uncompahgre Valley appears to be on course to repeat yet a third year of lackluster sales. All the while, prices have substantially increased from last winter. The median sale price of a home in Montrose was $459,000 in March. Home prices increased 13.9% annually from the same time period […]
Why is Bad News Good for Housing?
The US stock market has begun to shake as Wall Street and individual investors parse through the rapid fire moves of the new White House administration. As stocks have started what’s possibly a longer-term retreat in prices, investors have predictably reacted by jumping into safer assets like 10-year treasury bonds. If the scenario that’s currently […]
Why Did Montrose Home Sales Jump 46%?
The Colorado Western Slope Market Colorado Western Slope real estate values continue to remain resilient despite dismal mortgage-rate trends. Consumers seem to be breaching the real estate log-jam as impressive changes in demand for real estate can be observed for the month of January. Home prices are up 6.4% year-over-year. Further, homes in Montrose experienced […]
Survive Until 25?
The Montrose, Denver, and National Housing Market The Montrose real estate market just finished its second worst year since 2015. The Western Slope is faring better than the national real estate market, which just had its worst year since 1995. Overall, both local and national markets are stagnant due to a combination of elevated home prices […]
Is The Housing Market Stuck?
Montrose Market The real estate market in Montrose experienced yet another month of confusing and seemingly contradictory happenings. Prices staying steady, and going up, while sales volume continues to plummet to historic levels. Our buyer’s agents who are on the phone with buyers every day and searching high and low for housing options comment often on how […]
Prices Falling in Denver While Prices in Montrose are Going Up
If you own a home in Montrose, congratulations! While the National real estate market continues to see drops in prices in many markets, prices in Montrose remain steady. Hopefully, the last time you looked out your window or walked down your street to admire the San Juan Mountains wasn’t that long ago. Those views are […]
Why The Heck Did Mortgage Rates Increase?
Montrose Market Home sales in the Uncompahgre Valley are relatively flat from the same time last year. Mortgage rates are slightly lower from last fall though prices continue to persist upward. The median price of a home in Montrose hit $500K in September, with prices increasing 5.7% over the last 12-months. Inventory levels continue to […]
Is it Really Harvest Season?
In what is typically the ‘harvest season’ of real estate on the western slope, the Montrose real estate market experienced yet another relatively flat month, with unit sales in July down approximately 10% from last year, and days on market and available inventory both increasing.
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 […]