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.
Change language