ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 28% in
November and down 13% year to date
New Listings are up 5%
Closed Sales are up 22%
The Average Sales Price is down 12% and down 2% year
to date
95% of the Original Listing Price is received at closing
514 North 1st Street Hamilton, MT 59840
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252
5505 Eagle Court, Suite B Florence, MT 59833
Office: (406) 273-7777| Fax: (406) 532-9677
WWW.ERALAMBROS.COM
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Local Market Update|November 2017
Ravalli
County
+5% +22% -28%
Change in Change in Change in
New Listings Closed Sales Days on Market
Residential
November
Year to Date
2016 2017 +/- 2016 2017 +/-
New Listings 42 44 +5% 990 1,066 +8%
Closed Sales 51 62 +22% 578 629 +9%
Median Sales Price $265K $253K -5% $250K $263K +5%
Average Sales Price $307K $270K -12% $300K $295K -2%
Avg. % of Original List Price Received 96% 95% -1% 94% 96% +2%
Average Days on Market Until Sale 221 160 -28% 194 169 -13%
New Listings
2016 2017
Closed Sales
2016 2017
150
100
100
80
60
50
40
20
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
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
300
200
100
0
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 11/01/2017 through 11/30/2017.
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