Montrose Colorado Sales Numbers 2008

So the end of the year and the start of a new one. Below are the numbers for Montrose Colorado These nu,bers are from the Montrose Area MLS System. They do not reflect any properties sold For Sale By Owner.

The Home Sales numbers are for the last 3 years.

Year # Homes Sold $ Volume Avg Price Median Price Days on Mkt

2008 472 105,224,014 222,932 195,750 164

2007 681 149,985,007 220,242 191,690 139

2006 800 174,435,489 218,044 185,955 143

Lot Sales For the last 3 years are as follows:

2008 58

2007 134

2006 186

My opinion for 2009 sales for the Montrose area are to be slightly better than the numbers you see for 2008. I believe that 2008 was the bottom of the market as far as numbers of sales. As you can see over the last 3 years the average price of a home has increased. With mortgage rtaes at 37 year lows right now this is the time to buy. If you have any questions please contact me brownbrit@aol.com