ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is up 44% in
October and down 4% year to date
New Listings are up 19%
Closed Sales are up 179%
The Average Sales Price is down 39% in October and down
21% year to date
96% of the Original Listing Price is received at closing
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168
WWW.ERALAMBROS.COM
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Local Market Update|October 2017
Lincoln
County
Residential
+19% +179% -39%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
October
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 21 25 +19% 356 446 +25%
Closed Sales 14 39 +179% 155 244 +57%
Median Sales Price $281K $142K -49% $200K $165K -18%
Average Sales Price $287K $174K -39% $259K $204K -21%
Avg. % of Original List Price Received 94% 96% +2% 94% 95% +1%
Average Days on Market Until Sale 151 217 +44% 231 221 -4%
New Listings
2016 2017
Closed Sales
2016 2017
40
50
30
40
20
10
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
$400,000
$300,000
$200,000
2016 2017
300
200
2016 2017
$100,000
100
$0
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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