Feds, Fear, and Freedom – 2020 in Review – January Real Estate Stats

Montrose Market Looking back and comparing 2020 with 2019, we can see some very remarkable trends in the housing market. The 3-month housing price trend for the Montrose market has realized an astonishing 20.2% spike. But, comparing the 12-month year-over-year trends provides a broader view of the market’s activity beyond last quarter’s market exuberance. Housing […]

Baby It’s Warm Outside? – December Real Estate Stats

Montrose Market The Montrose real estate market is still quite warm, reaching its highest median sales price on record, topping out at $354,900 for the month of November. The 3-month rolling median sales price is 16.44% higher than the previous year, highlighting just how competitive the market still is going into the holiday season. Looking […]

Will This Market Continue Into 2021? – November Real Estate Stats

Montrose Market The Montrose Colorado real estate market continues to surpass last year’s performance, supported by record high median sale prices and drastically low inventory levels. The median sales price over the last three months has increased 12% from the same time period last year, giving evidence of just how aggressive the local housing market […]

Mountain West Real Estate Revival? – October Real Estate Stats

Montrose Market The Montrose Colorado Real Estate market has sustained strong momentum into September, evidenced by a record number of home sales and price increases. The 68% upsurge in home sales is undeniably telling of just how heated the local real estate market has become as more out-of-town buyers enter the local market. The median […]

Has the Montrose Market Fully Recovered? – August Real Estate Stats

Montrose Market The Montrose real estate market has recovered well and is a strong driver in the mixed-bag economy of 2020. Predicting what the future holds for our local market has been paralleled to driving in coastal fog with only a few feet of visibility. What can be observed currently though, is a strong and […]

Has Real Estate Recovered from Lockdown? – July Real Estate Stats

Montrose Market The Montrose real estate market is recouping from the doldrums of April’s Shelter-In-Place Mandate. New listings are down 18.4% from last year while new pending/under contract sales are up 21.8%; the recent pending sales data is extremely encouraging. Local market strength can also be evidenced in the 98% average sales to list price. […]

How Did Safer at Home Affect Real Estate? – June Real Estate Stats

Montrose Market Although we are starting to see rules lifted in regards to “Safer at Home,” May shares a similar real estate story as April. The number of homes sold in May has dropped drastically relative to May the year prior with a 47% decrease. Average days on market and list-to-sold prices remain strong with […]

How Did the Lockdown Affect Real Estate? – May Real Estate Stats

Montrose Market During the month of April, the local real estate market was at a near-standstill due to the Shelter in Place Order. Real estate was eventually determined an “essential business” during the Shelter in Place Order for the month of April, but only to service pending sales. As a result, the Montrose real estate […]

What are the Effects on the Local Real Estate Market? – April Real Estate Stats

Montrose Market The Montrose real estate market is slowing as the current effects surrounding the COVID19 epidemic impact our local community. Although the real estate industry is considered a critical business by the State of Colorado, the shelter-in-place mandate is being taken seriously by agents, home buyers, and home sellers. This has led to the […]