ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 33% in
November and down 4% year to date
New Listings are down 39%
Closed Sales show no change
The Average Sales Price is up 5% and down 4% year to
date
94% of the Original Listing Price is received at closing
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373
WWW.ERALAMBROS.COM
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Local Market Update | November 2017
Lake
County
-39% 0% -33%
Change in Change in Change in
New Listings Closed Sales Days on Market
Residential
November
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 31 19 -39% 628 609 -3%
Closed Sales 27 27 0% 347 348 +0.3%
Median Sales Price $191K $194K +2% $250K $238K -5%
Average Sales Price $254K $267K +5% $313K $299K -4%
Avg. % of Original List Price Received 91% 94% +3% 94% 93% -1%
Average Days on Market Until Sale 233 156 -33% 245 236 -4%
New Listings
2016 2017
Closed Sales
2016 2017
120
60
100
50
80
40
60
30
40
20
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
2016 2017
2016 2017
$500,000
$400,000
$300,000
$200,000
$100,000
$0
400
300
200
100
0
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 11/01/2017 through 11/30/2017.
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