Missoula Land Market Update - October 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

LAND


The average number of Days on Market is up 45% in

October and up 75% year to date

New Listings are up 135%




Closed Sales show no change

The Average Sales Price is up 81% in October and down

5% year to date

92% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | October 2017

Missoula

County

+135% 0% +45%

Change in Change in Change in

New Listings Closed Sales Days on Market

Land

October

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 40 94 +135% 674 584 -13%

Closed Sales 18 18 0% 224 209 -7%

Median Sales Price $93K $113K +22% $88K $86K -2%

Average Sales Price $99K $179K +81% $149K $141K -5%

Avg. % of Original List Price Received 95% 92% -3% 89% 93% +4%

Average Days on Market Until Sale 329 478 +45% 350 614 +75%

New Listings

2016 2017

Closed Sales

2016 2017

200

50

150

40

100

50

30

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

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

1000

800

600

400

200

0

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

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

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