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 average of 8%. But it is significant when combined with the current price of...
by Atha Team 
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...
by Atha Team 
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 announcements you hear on the news anymore, they are now translating to...
by Atha Team 
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 price on average. National Market The national market...
by Atha Team