BUYER DEMAND UP DESPITE INVENTORY CHALLENGES BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES Closed sales (down from 2022) and market pace is not reflective of buyer demand as low inventory levels continue to put pressure on sales As a more historic market comes into focus there should be relief for pent-up demand as inventory levels generally increase when the winter season and school-years end and the weather warms. The upside for some in the market (see selers) is that prices continue to remain strong throughout the area and those who are pricing to the market receive high interest and close to list price (and in some cases, still over with mutiple offers) Days on market in April declined from March and the list price to sale price ratio decreased slightly. Those are both indications of a strong market for sellers Although there are macro signs of an economic slowdown on the horizon, the real estate market may likely buck the trend Historically, prices are not destined to meaningfully decline (and many markets may continue to see prices increase see the accompanying chart) while mortgage interest rates have talen in the last 6 recessions, which would be a benefit to home buyers and those looking to move within the area New Listing- Under Contract MONTROSE $365,000 17 Spruce Drive DASSTED AURS B A RECESSION MEANS FALLING MORTGAGE RATES IT DOES NOT MEAN FALLING PRICES Our dynamic market remains very local if you are interested in what your home is worth or values in a particular neighborhood please contact us today to discuss CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES MORTGAGE RATE CHANGE bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! **** HOME PRICE CHANGE The average sales price in Montrose has decreased 1.17% compared to last year. If you'd like more information about about the value of your home, give us a call today 4 Bed12Bath 11947 sq. Don Bailey 970 209 82-57 BHHSColorado.com I (970) 249-4663 1.17% Call one of our trusted real estate brokers Trena Unrein, Brian Unrein Autumn Barrett, Don Bailey, Jeff Keenfuss, Kree Christie, Linda Stel Makaya Cervone, Michael Scott Dosch, and Donna Justin. BUYER DEMAND UP DESPITE INVENTORY CHALLENGES BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES Closed sales ( down from 2022 ) and market pace is not reflective of buyer demand as low inventory levels continue to put pressure on sales As a more historic market comes into focus there should be relief for pent - up demand as inventory levels generally increase when the winter season and school - years end and the weather warms . The upside for some in the market ( see selers ) is that prices continue to remain strong throughout the area and those who are pricing to the market receive high interest and close to list price ( and in some cases , still over with mutiple offers ) Days on market in April declined from March and the list price to sale price ratio decreased slightly . Those are both indications of a strong market for sellers Although there are macro signs of an economic slowdown on the horizon , the real estate market may likely buck the trend Historically , prices are not destined to meaningfully decline ( and many markets may continue to see prices increase see the accompanying chart ) while mortgage interest rates have talen in the last 6 recessions , which would be a benefit to home buyers and those looking to move within the area New Listing- Under Contract MONTROSE $ 365,000 17 Spruce Drive DASSTED AURS B A RECESSION MEANS FALLING MORTGAGE RATES IT DOES NOT MEAN FALLING PRICES Our dynamic market remains very local if you are interested in what your home is worth or values in a particular neighborhood please contact us today to discuss CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES MORTGAGE RATE CHANGE bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! **** HOME PRICE CHANGE The average sales price in Montrose has decreased 1.17 % compared to last year . If you'd like more information about about the value of your home , give us a call today 4 Bed12Bath 11947 sq . Don Bailey 970 209 82-57 BHHSColorado.com I ( 970 ) 249-4663 1.17 % Call one of our trusted real estate brokers Trena Unrein , Brian Unrein Autumn Barrett , Don Bailey , Jeff Keenfuss , Kree Christie , Linda Stel Makaya Cervone , Michael Scott Dosch , and Donna Justin .