Corona March Re-Fi Madness – March Real Estate Stats

Montrose Market Despite the flurry of activity in the stock market and international news, buying and selling in Montrose continues to show no signs of slow-down. Spring traditionally tends to yield a surplus in new listings, and we are beginning to see an increase in properties hitting the market. However, total inventory across all price […]

Will Montrose Still Follow Denver? – January Real Estate Stats

Montrose Market The Montrose real estate market has slowed from the fall selling season, although there is still strong momentum headed into 2020. While the number of units sold is relatively the same as compared with the 2018/19 winter, there appears to be pent-up demand on the buyer’s side, as reflected in the low months […]

What Happened In 2019? – Annual Montrose Market Recap

Montrose Market Looking back at 2019, we can see that the Montrose real estate market experienced another impressive year. The market is now in a leveling trend, evidenced by the parity of homes sold in 2019 relative to 2018. The median sales price of homes sold in Montrose increased 5.2% in 2019, compared with a […]

Will This Robust Local Market Continue? – October Real Estate Stats

Montrose Market Observing market trends over the late-summer and early-fall of this year, with comparison to last year, it appears that the Montrose Real Estate market is running red hot. Full calendar year comparisons will provide a more complete reading, but as of the previous 3-months, the Montrose market looks very strong. This robust market […]

Will Montrose Follow the National Uptick in Sales? – September Real Estate Stats

Montrose Market The Montrose market decelerated overall in the month of September, evidenced by the number of home sales sinking by 27% from August. Days on market and saturation rates increased, also echoing a softening in purchase activity. This reduction could be attributed to school going back in session, home-price surges, and home buyers not […]

A Shift in the Upper-End Market? – August Real Estate Stats

Montrose Market The Montrose Colorado real estate market is continuing to follow a national trend of tapering prices and diminishing inventory. The month of August experienced an 18% drop in the number of homes sold for reasons unknown. But given the steadily shrinking inventory levels throughout the previous 8 months of 2019, and the chart […]

Are Low Mortgage Rates Encouraging Buyers? – July Real Estate Stats

Montrose Market As Montrose real estate prices remain on an upward trend, local home buyers are nurturing a careful watch on the market’s trajectory. The median home sales price rose 4.86% in the last 3 months alone, from $262,500 to $275,900. As the median sale price continues to increase, the number of homes sold has […]

Market Shifting in Favor of Buyers? – June Real Estate Stats

Montrose Market We’re halfway through the year, and it feels like summer finally arrived here in Montrose. The real estate market is on a steady pace with some slight slowdowns in sales and the time homes spend on the market. Total home sales by unit were down 5.6% for the first 6-months of this year […]

Cold Spring Slows Sales – May Real Estate Stats

Montrose Market The Montrose Colorado real estate market is experiencing some interesting trends over the short term. The number of homes selling in Montrose has been flat over the past two months as values continue to increase in the middle and lower price ranges. We’ve had two months of considerable increases in the amount of […]