ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 8% in
October and down 11% year to date
New Listings are up 6%
Closed Sales are up 23%
The Average Sales Price is down 3% in October and up 7%
year to date
97% 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
Local Market Update | October 2017
Missoula
County
Residential
+6% +23% -3%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
October
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 180 191 +6% 2,131 2,197 +3%
Closed Sales 142 175 +23% 1,371 1,503 +10%
Median Sales Price $275K $270K -2% $255K $270K +6%
Average Sales Price $303K $294K -3% $284K $304K +7%
Avg. % of Original List Price Received 98% 97% -1% 98% 98% 0%
Average Days on Market Until Sale 143 132 -8% 149 132 -11%
New Listings
2016 2017
Closed Sales
2016 2017
400
250
300
200
200
100
150
100
50
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
$400,000
$300,000
$200,000
2016 2017
300
200
2016 2017
$100,000
100
$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
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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