Montrose Co Home Absorption Rates

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