The housing market in Montrose continues to see strong price appreciation, with values up 17.0% compared to last year. Home prices have increased 28.5% in the past month alone. With only 4 active listings, inventory is 60% lower than typical for this time of year. Homes are taking about 30 days to sell, which is -5 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Montrose market with the affordability index at 522.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.