Previous Next Please use the arrow buttons on the side to scroll to the next page. For a larger picture, please click on the image ..read more

Previous Next Please use the arrow buttons on the side to scroll to the next page. For a larger picture, please click on the image ..read more

Montrose Market Home sales in the Uncompahgre Valley are relatively flat from the same time last year. Mortgage rates are slightly lower from last fall though prices continue to persist upward. The median price of a home in Montrose hit $500K in September, with prices increasing 5.7% over the last 12-months. Inventory levels continue to ..read more

The summer housing market in the Montrose Region has produced activity very similar to last summer. Sales for the last 3-months are relatively flat, though home prices continue to climb due to low inventory. Taking a wider view of the market, home sales are down 29% from September of 2022. Further, the winter and spring ..read more

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In what is typically the ‘harvest season’ of real estate on the western slope, the Montrose real estate market experienced yet another relatively flat month, with unit sales in July down approximately 10% from last year, and days on market and available inventory both increasing ..read more

The Montrose real estate market has hit record high values entering the traditional spring selling season. Home prices are up 8% from a year ago, with the 3-month median at $544,075. Limited supply of homes coupled with a larger number of luxury home sales in the month of June, contributed to the price spike. Of the 52-home sold in June, 40% were newly constructed luxury homes priced above $700K. The national market also had record home price appreciation for the month of June. Long-term home prices in Montrose have steadily increased from 2012-2020, then massively appreciated f ..read more

The Montrose real estate market has renewed since the most dismal winter for home sales on record. Improving since January’s lull, home sales have continued to mirror market activity similar to last spring. The median sale price for May was $480K or 0.54% higher than last spring, while tracking a 3-month trend. Unit sales, despite the freeze in January, are now equal with last spring as well. Apart from anything monumental, the local Uncompahgre Valley housing market is expected to keep a mild trend similar to 2023. The luxury market in our area has gained momentum and is now touting around ..read more

The Montrose real estate market has essentially stabilized over the last 12-months. Home prices and sales this spring are mirroring market activity very similar to the spring of 2023. Prices increased 1.3% over the last year to a median sale price of $461,750. Unit sales of homes are also similarly flat. Mortgage rates are approximately 70 BPS (.70%) higher than May of 2023. With that increase aside, the housing market projections for the rest of 2024 seem to be on a similar trajectory as last year. Obviously, mortgage rates have a direct effect on how this year will progress. Housing and ..read more