Lake County Residential Market Update - November 2017
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Local <strong>Market</strong> <strong>Update</strong> | <strong>November</strong> <strong>2017</strong><br />
<strong>Lake</strong><br />
<strong>County</strong><br />
-39% 0% -33%<br />
Change in Change in Change in<br />
New Listings Closed Sales Days on <strong>Market</strong><br />
<strong>Residential</strong><br />
<strong>November</strong><br />
Year to Date<br />
2016 <strong>2017</strong> +/- 2016 <strong>2017</strong> +/-<br />
New Listings 31 19 -39% 628 609 -3%<br />
Closed Sales 27 27 0% 347 348 +0.3%<br />
Median Sales Price $191K $194K +2% $250K $238K -5%<br />
Average Sales Price $254K $267K +5% $313K $299K -4%<br />
Avg. % of Original List Price Received 91% 94% +3% 94% 93% -1%<br />
Average Days on <strong>Market</strong> Until Sale 233 156 -33% 245 236 -4%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
120<br />
60<br />
100<br />
50<br />
80<br />
40<br />
60<br />
30<br />
40<br />
20<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
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 />
$500,000<br />
$400,000<br />
$300,000<br />
$200,000<br />
$100,000<br />
$0<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 11/01/<strong>2017</strong> through 11/30/<strong>2017</strong>.
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