Missoula Residential Market Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 14% in

November and down 10% year to date

New Listings are up 15%

Closed Sales are down 7%



The Average Sales Price is up 4% 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 | November 2017

Missoula

County

+15% -7% +14%

Change in Change in Change in

New Listings Closed Sales Days on Market

Residential

November

Year to Date

2016 2017 +/- 2016 2017 +/-

New Listings 97 112 +15% 2,228 2,307 +4%

Closed Sales 124 115 -7% 1,495 1,618 +8%

Median Sales Price $265K $260K -2% $255K $269K +5%

Average Sales Price $288K $300K +4% $284K $304K +7%

Avg. % of Original List Price Received 98% 97% -1% 98% 98% 0%

Average Days on Market Until Sale 115 131 +14% 146 131 -10%

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 11/01/2017 through 11/30/2017.

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