What the Heck Happened in 2022? – January Real Estate Stats

 Montrose Market Looking at last year’s real estate market and further back to 2015, one can observe the monumental wealth created through home ownership in the Uncompahgre Valley. Over the past seven years, homeowner’s net worth increased by 50% in Montrose, adding approximately $200,000 to household real estate values. Local and out-of-area demand continued […]

A Long Winter Ahead for Real Estate? – December Real Estate Stats

 Montrose Market The Montrose real estate market is currently experiencing a traditional winter season in relation to market activity, similar to 2017 and 2018. Housing inventory has increased 22.5% since its low in March but still remains tight with 3.1 months of inventory in November. Home prices in Montrose are down 10% from a […]

Is Montrose Insulated From A Future Correction? – October Real Estate Stats

   Where are we currently and where are we headed? The Montrose real estate market is continuing to cool to a manageable pace it once was before the urban flight and pandemic of 2020. We’re seeing numbers reflect what was the market of 2019, with about 15 properties going under contract per week during […]

What is Happening to Home Prices in Montrose? – September Real Estate Stats

   If you follow our monthly real estate market reports for Montrose, you’ll recall that July experienced a drastic reduction in unit sales in Montrose. Isolating numbers without proper context can yield to some shaky assumptions, and any thought that Montrose real estate was ‘crashing’ is answered emphatically by the month of August. You’ll see that […]

Are Home Sales Really Down 46%? – August Real Estate Stats

   The Montrose real estate market is adjusting to find its new stride amidst several recent changes over the past several months. Buyers, sellers, real estate agents, and mortgage lenders are all attempting to make sense of the market, all the while reeling from the recent and fast-paced fluctuations. Mortgage rates have been extremely […]

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 […]

Montrose Has Been Discovered! – April Real Estate Stats

Montrose Market The Montrose Colorado real estate market is strong. There is still a steady in-flux of buyers from the Front Range and out-of-state. Local title companies and brokers can attest to this steady stream of active buyers. Currently, out of the 188 homes active on the market, only 56 are priced under $300K. To […]

Will Mortgage Rates Increase Buyer Interest? – March Real Estate Stats

Montrose Market Coming to an end of the first quarter of 2019, we are continuing to see a slow down in inventory which brings the inevitable price increase. Compared to March of 2018, we have only seen an increase of approximately 3.04% from $246,300 to $254,000 in median home prices. The most drastic issue we […]

April 2016 Montrose CO Real Estate Stats – Sales & Available Foreclosures

The April 2016 Montrose Co real estate market experienced an ever-tightening inventory in the lower and middle price ranges while the higher-end real estate market remained soft. The National market, as well as the local Montrose Co real estate market is undergoing what’s considered “a two market syndrome” (Housing Market Takes On Split Levels). Two […]