EOY Lincoln Residential Update 2017
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lincoln</strong> County Monthly Market <strong>Update</strong><br />
<strong>Residential</strong><br />
2016 vs. <strong>2017</strong> Year End <strong>Update</strong><br />
The average number of Days on Market decreased 2%<br />
in <strong>2017</strong><br />
New Listings increased 16%<br />
Closed Sales increased 20%<br />
The Average Sales Price decreased 13% in <strong>2017</strong><br />
<br />
95% of the Original Listing Price was received at closing<br />
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923<br />
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong>|2016 - <strong>2017</strong><br />
<strong>Lincoln</strong><br />
County<br />
<strong>Residential</strong><br />
+16% +20% -13%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
2016 - <strong>2017</strong><br />
2016 <strong>2017</strong> +/-<br />
New Listings 424 491 +16%<br />
Closed Sales 249 300 +20%<br />
Median Sales Price $182K $161K -12%<br />
Average Sales Price $232K $201K -13%<br />
Avg. % of Original List Price Received 94% 95% +1%<br />
Average Days on Market Until Sale 234 230 -2%<br />
New Listings<br />
2016 <strong>2017</strong><br />
Closed Sales<br />
2016 <strong>2017</strong><br />
40<br />
50<br />
30<br />
40<br />
20<br />
10<br />
30<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun<br />
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 />
2016 <strong>2017</strong><br />
Average Days on Market<br />
2016 <strong>2017</strong><br />
$400,000<br />
400<br />
$300,000<br />
300<br />
$200,000<br />
200<br />
$100,000<br />
100<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2016 through 12/31/<strong>2017</strong>
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