Missoula Residential Market Update - October 2017

eralambros

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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