Is the Housing Tide Receding back to Normal? – July Real Estate Stats
Montrose Market The Montrose market is in the midst of a shift toward a more balanced seller’s market. The most recent rate increases have sent shivers down the spines of borrowers as mortgage rates now float near 6%. Keep in mind that a 6% mortgage rate is nothing noteworthy relative to the historic […]
Will Retired Trail Hikers Anchor the Montrose Housing Market? – June Real Estate Stats
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 […]
Trading Mochas for Mortgages – May Real Estate Stats
Montrose Market For those of you following our monthly stats that we produce in-house, we may sound like a broken record. Aggressive appreciation and price gains, supply and demand, multiple offers; this has become all too familiar. Could there be a change in the wind? The recent interest rate hikes are not just […]
Will Rising Rates Crush the Housing Market? – April Real Estate Stats
Montrose Market The Montrose market continues to behave like a summer market as we head into the traditional spring selling season. Home prices in Montrose have increased an astonishing 19% compared to the same period last year, with the median sales price now at $450,000. In addition, homes are selling 102% of list […]
Will New Construction Save the Day? – March Real Estate Stats
Montrose Market Buyers in the Montrose market continue to snatch up new homes at a rapid pace despite record low inventories and record-high prices. Supply and demand are still the fundamentals at play in this historically unprecedented housing market. Several factors are motivating buyers to buy now rather than wait. One: buyers are realizing […]
A Future Balance in the Force? – February Real Estate Stats
Montrose Market The Montrose real estate market is still peaking with record prices and little inventory. Homes available for sale are now below the 50-unit mark for the first time. Currently, there are only 7 homes available with 3-bed, 2-bath minimum under $400K. Traditionally, the winter is slow for the Montrose real estate market, […]
Is Costco Coming to Montrose? – January Real Estate Stats
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 […]
Super-Size Me? – December Real Estate Stats
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 […]
Will Higher Rates Flatten Housing? – November Real Estate Stats
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. […]
Are Prices Really Up 42%? – October Real Estate Stats
Montrose Market Montrose is displaying typical seasonal patterns as evidenced in the market as families head back to school and look toward the holiday season ahead. Prices and demand are still strong with the typical home going under contract within the first two weeks of being placed on the market. The median days that a […]