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REAL ESTATE NEWS | MONTROSE COUNTY
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Signs of Market Normalization
Buyer demand we have been referencing since the start of the year came to fruition with closed sales in March. After January and February had only 49 closed sales each month, lower interest rates and continued market activity brought closed sales to 70 - 43% higher than the first two months of the year and only down 21% from March 2022.
Mortgage rates are stabilizing and trending down. This may be ideal timing for the spring and summer seasons when most of the valley's sales occur. Purchasing power for buyers who finance will increase with rates declining and the expectation is that an increase in available homes for sale may stabilize prices in what still remains a seller's market.
Overall, the market is nuanced and hyper-local. Trends in one area may not be the same in others. If you have specific questions about your property or area you are looking to purchase, let's have a conversation. In the interim, enjoy our extended ski and snowboard season and look forward to all the events and activities to enjoy in the spring and summer months.
The agents at Berkshire Hathaway HomeServices Colorado Properties' Montrose Office
would like to help someone in our community by sprucing up their yard.
CLICK HERE to nominate someone in need.
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April 14th
Let the Wright Opera House take you on an interactive theatrical experience filled with intrigue and laughter, all during a delectable three-course meal.
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April 22nd
It's a bird...it's a plane...it's the VSA Orchestra and Chorus in their final performance of the season! This jampacked concert teams up some of the most iconic superhero themes of all time, along with pop songs that are the stuff of legend. These songs connect us across oceans and beyond borders, forming links to the past, present, and future. With cape or guitar, everyone needs a hero! Join us for a family friendly concert that's just plain fun.
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VISIT WEBSITE |
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April 29th
This is a fabulous Vintage market, this year marking the 100th anniversary celebration of the Pea Green Store
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May 4th
Bluecorn Cafe & Mercantile and Pickin' Productions presents "Live at the Candle Factory: Begonia w/ Opener Rachael Jenkins
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| VISIT WEBSITE |
VISIT WEBSITE |
We are proud to announce that once again we landed in the top 50 companies with Berkshire Hathaway HomeServices. A big congratulations to all of our 140 brokers in 12 offices and staff that contributed toward this prestigious award.
