SLUGGISH FIRST HALF The effects of low inventory and higher interest rates have shaped our market through the first half of the year. Year to date, dollar volume in Montrose County is down 32% while unit sales are down 19% There are pockets of the market that continue to demonstrate resiliency and overall the lower inventory has helped keep prices stable. BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES We are now in an environment where, if historical patterns hold, we should see a peak in new inventory in the coming weeks. This is good news for buyers. Additionally, economists are forecasting interest rates to gradually decline as the Fed slows rate increases. If you are contemplating a move this summer, this is a great time to list your home. Buyer demand is strong and we have seen listings, it priced to the market, sell some with multiple offers. MONTROSE $179.000 TBD Buckhorn Road (Tract 2) 562 Acres Don Bailey 970.209.8257 2023 is shaping-up to be a year of transition in our local market. Historic fundamentals are coming into view and the market here locally and nationally has weathered significant changes due to the macro- impacts of the last few years of the pandemic Look forward to a more balanced and active market toward the end of this year and into 2024. CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES DASED NORAS MONTROSE $525.000 1202 5 First Street 5 Bed12 Bath 110242 The Unrein Team, 320 209.99476970.596.6768 BHHSColorado.com I (970) 249-4663 bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! % HA ME Call one of our trusted real estate brokers Trena Unrein, Brian Unvein Autumn Barrett, Don Bailey Jeff Kechfuss, Kree Christie, Linda Stell, Makaya Cervone, Michael Scott Desch and Donna Justin SLUGGISH FIRST HALF The effects of low inventory and higher interest rates have shaped our market through the first half of the year . Year to date , dollar volume in Montrose County is down 32 % while unit sales are down 19 % There are pockets of the market that continue to demonstrate resiliency and overall the lower inventory has helped keep prices stable . BERKSHIRE HATHAWAY HOME SERVICES COLORADO PROPERTIES We are now in an environment where , if historical patterns hold , we should see a peak in new inventory in the coming weeks . This is good news for buyers . Additionally , economists are forecasting interest rates to gradually decline as the Fed slows rate increases . If you are contemplating a move this summer , this is a great time to list your home . Buyer demand is strong and we have seen listings , it priced to the market , sell some with multiple offers . MONTROSE $ 179.000 TBD Buckhorn Road ( Tract 2 ) 562 Acres Don Bailey 970.209.8257 2023 is shaping - up to be a year of transition in our local market . Historic fundamentals are coming into view and the market here locally and nationally has weathered significant changes due to the macro impacts of the last few years of the pandemic Look forward to a more balanced and active market toward the end of this year and into 2024 . CALL US TO LEARN MORE ABOUT OUR ADVANCED MARKETING LISTING SERVICES DASED NORAS MONTROSE $ 525.000 1202 5 First Street 5 Bed12 Bath 110242 The Unrein Team , 320 209.99476970.596.6768 BHHSColorado.com I ( 970 ) 249-4663 bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! % HA ME Call one of our trusted real estate brokers Trena Unrein , Brian Unvein Autumn Barrett , Don Bailey Jeff Kechfuss , Kree Christie , Linda Stell , Makaya Cervone , Michael Scott Desch and Donna Justin