ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
LAND
The average number of Days on Market is down 46% in
November and up 15% year to date
New Listings are up 11%
Closed Sales are down 40%
The Average Sales Price is down 25% in November and
down 1% year to date
94% 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
+11% -40% -46%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
November
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 19 21 +11% 529 425 -20%
Closed Sales 15 9 -40% 101 149 +48%
Median Sales Price $58K $46K -21% $64K $52K -19%
Average Sales Price $76K $57K -25% $87K $86K -1%
Avg. % of Original List Price Received 84% 94% +10% 89% 90% +1%
Average Days on Market Until Sale 280 152 -46% 373 318 +15%
New Listings
2016 2017
Closed Sales
2016 2017
40
20
30
15
20
10
10
5
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
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
600
400
200
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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