Licoln County Residential Update - November 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 9% in

November and down 7% year to date

New Listings are up 44%

Closed Sales are up 38%



The Average Sales Price is down 30% and down 20% year

to date

95% of the Original Listing Price is received at closing

P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923

Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168

WWW.ERALAMBROS.COM


Local Market Update|November 2017

Lincoln

County

+44% +38% +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 16 23 +44% 381 474 +24%

Closed Sales 16 22 +38% 187 270 +44%

Median Sales Price $190K $153K -19% $195K $164K -16%

Average Sales Price $294K $207K -30% $254K $204K -20%

Avg. % of Original List Price Received 96% 95% -1% 94% 95% +1%

Average Days on Market Until Sale 231 251 +9% 239 222 -7%

New Listings

2016 2017

Closed Sales

2016 2017

40

50

30

40

20

10

30

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

$400,000

$300,000

2016 2017

300

2016 2017

$200,000

200

$100,000

100

$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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