As a Follow up to my last blog on Inventory of homes for sale in the Montrose Colorado market.
Here is the absorption rates for the City of Montrose for the last year going back to March 10th 2015
City of Montrose
1 Year Home Sales by Price Range..
#of homes sold
$100,000 - $199,900 228 19 homes a month sell
$200,000 - $299,900 110 9.1 homes a month sell
$300,000 - $399,900 36 3 homes a month sell
$400,000 - $499,900 13 1 home a month sells
$500,000 and up 1
Homes currently for sale and the supply
$100,000 - $199,900 33 1.7 month supply
$200,000 - $299,900 40 4.3 month supply
$300,000 - $399,900 20 6.6 month supply
$400,000 - $499,900 6 6 month supply
$500,000 and up 9
I did not run the numbers below $100,000 just like the numbers above $500,000 there are very few homes in that price range. The median sales price of a home in the City over the last 12 months is $177,500
If you are looking to buy or sell Put 26 years of expoerience to work for you.
If you would like these same numbers run for rural properties in Montrose County contact me Alan Brown 970-209-8436 or AlanBrownRealtor@gmail.com
Put 23 Years of Experience to Work For You
Visit My Web Site MontroseColorado-RealEstate.com
Whether you are looking to buy or sell in the Montrose, Delta or Ouray area contact me for all your Real Estate needs.
Voted "Best Realtor in the Valley" by the readers of the Montrose Daily Press 2 Years in a Row 2010 & 2011