Montrose real estate market still hot in June | Local News Stories


What’s happening in the Montrose real estate market is mirroring the boom in most markets across the country: inventory is tight and wealthy out-of-town buyers with deep pockets are pricing out locals desperate for a home.

According to recently released data from the Colorado Association of Realtors, the median sales price of $367,000 is nearly 30% higher than in June of last year. Only a month and half’s supply of homes is on the market, compared to over four months at this point last year.

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