Real Estate in Montrose & Ridgway by Jason Millward Real Estate Consultant

January Real Estate Market Report 2020 - Montrose Colorado Main Photo

January Real Estate Market Report 2020 - Montrose Colorado


Posted: January 07, 2020 by Jason Millward



The median sold price in Montrose City ended at $267,450 for the month of December.  This is slightly down from last month which was at $283,500 but still up 6% from this same time last year.

New listings have continued to drop.  Montrose City saw a total of 39 for December.  This number is 17% less than last month and 19% less than this time last year.

The number of properties that have sold has increased compared to last month.  For the month there were a total of 64 Montrose City properties sold.  This is a 39% increase from the same month last year!

Average days on the market has decreased in Montrose.  For the month of December, Montrose City saw an average of 114 days on market which is down from last month and up 12% from this time last year.

 

 

At the same time Ridgway also saw a decrease with a median sold price of $422,300, down from last month and down from this time last year.

New listings have continued to drop in Ridgway down 75% from this same time last year.  There were hardly any new listings over the holidays and there’s not a lot of inventory in Ridgway. 

The number of properties that have sold stayed the same as last month at 6 properties.


Average days on the market shot up in Ridgway over the holidays to 348 days. 





To view up to date stats check out my website at: https://jmillward.cbdistinctive.com/market-info

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