Lake County Residential Market Update - November 2017

eralambros

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


Jan

Feb

Mar

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Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

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May

Jun

Jul

Aug

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Nov

Dec

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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