multiple offer

   Montrose Market  Heading into the traditional summer months of the housing market, demand is steady so far while also displaying some early signs of leveling. Homes that typically would fly off the shelf, are now taking slightly longer to sell. Sellers are still experiencing multiple offer situations on their homes, albeit fewer competing offers relative to last year. Heading into...

Montrose Market - Year-End Recap for 2021  The Montrose real estate market has experienced its best year since the mid-2000s. Overall, 2021 was just a continuation of summer 2020. Buyers fled coastal states and the Front Range to rural towns including Western Colorado. Montrose just happens to be a prime destination for those looking for a change. Unexpectedly, total home sales in the 2021...

Montrose Market The Montrose market is still robust heading into the holiday season. Active listings are now heading downward from their September peak. Active inventory totals have decreased 47% from the previous year. Disheartening news at face value until prices and units sold are taken into consideration. Comparing 2021 with 2020 year-to-date, home prices in Montrose are up 21.8% and total...

Montrose Market Housing prices in the Montrose market are leveling off relative to the stratosphere gains seen through the summer. Prices increased a hearty 15.32% relative to the same 3-month time period last year. Keep in mind that this is a huge increase relative to the historic real estate equity gains of low single-digit percentages. The fall season does normally experience a downward trend in home...