Lake County Residential Market Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 4% in

October and down 1% year to date

New Listings are down 33%

Closed Sales are down 24%



The Average Sales Price is down 3% in October and down

2% year to date

92% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Jan

Feb

Mar

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Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

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May

Jun

Jul

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Oct

Nov

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Local Market Update | October 2017

Lake

County

-33% -24% -4%

Change in Change in Change in

New Listings Closed Sales Days on Market

Residential

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 43 29 -33% 597 589 -1%

Closed Sales 37 28 -24% 320 321 +0.5%

Median Sales Price $279K $250K -10% $255K $240K -6%

Average Sales Price $323K $340K +5% $318K $302K -5%

Avg. % of Original List Price Received 95% 92% -3% 95% 93% -2%

Average Days on Market Until Sale 227 218 -4% 246 243 -1%

New Listings

2016 2017

Closed Sales

2016 2017

120

60

100

50

80

40

60

30

40

20

20

10

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

0

Jan Feb Mar Apr May Jun

Jul Aug Sep Oct Nov Dec

Average Sales Price

Average Days on Market

2016 2017

2016 2017

$500,000

$400,000

$300,000

$200,000

$100,000

$0

400

300

200

100

0

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 10/01/2017 through 10/31/2017.

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