Most of the market has been flat or declined, except residential property with pricing less then $500K. If there is a house put on the market for less than $500K, then this market is very hot. There was increased activity when the interest was slightly decreasing, but not a lot. We are anticipating a slower market over all until spring of next year.

The Hotel Lodging taxes also took effect last quarter which accounts for the increase in revenue for the city.

Montrose has a lot of interest. Feels like the market is ready to open up. In short, Montrose has been found.