ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Flathead County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 9% in
November and up 3% year to date
New Listings are down 12%
Closed Sales are down 8%
The Average Sales Price is up 7% in November and up 8%
year to date
95% of the Original Listing Price is received at closing
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Local Market Update|November 2017
Flathead
County
-12% -8% -9%
Change in Change in Change in
New Listings Closed Sales Days on Market
Residential
November
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 139 123 -12% 2,610 2,561 -2%
Closed Sales 147 135 -8% 1,557 1,752 +13%
Median Sales Price $262K $285K +9% $257K $275K +7%
Average Sales Price $367K $391K +7% $327K $353K +8%
Avg. % of Original List Price Received 94% 95% +1% 96% 97% +1%
Average Days on Market Until Sale 191 174 -9% 156 161 +3%
New Listings
2016 2017
Closed Sales
2016 2017
250
250
200
200
150
150
100
100
50
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
2016 2017
2016 2017
$500,000
250
$400,000
200
$300,000
150
$200,000
100
$100,000
50
$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 11/01/2017 through 11/30/2017.
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