Missoula Land Market Update - November 2017
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Local <strong>Market</strong> <strong>Update</strong>|<strong>November</strong> <strong>2017</strong><br />
<strong>Missoula</strong><br />
County<br />
+30% 0% +48%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Land</strong><br />
<strong>November</strong><br />
Year to Date<br />
2016 <strong>2017</strong> +/- 2016 <strong>2017</strong> +/-<br />
New Listings 30 39 +30% 704 623 -12%<br />
Closed Sales 18 18 0% 242 228 -6%<br />
Median Sales Price $81K $116K +43% $88K $90K +2%<br />
Average Sales Price $94K $162K +72% $145K $142K -2%<br />
Avg. % of Original List Price Received 93% 92% -1% 89% 93% +4%<br />
Average Days on <strong>Market</strong> Until Sale 436 647 +48% 356 614 +72%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
200<br />
50<br />
150<br />
40<br />
100<br />
50<br />
30<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2016 <strong>2017</strong><br />
2016 <strong>2017</strong><br />
$400,000<br />
1000<br />
$300,000<br />
800<br />
$200,000<br />
600<br />
$100,000<br />
$0<br />
400<br />
200<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 11/01/<strong>2017</strong> through 11/30/<strong>2017</strong>.
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