ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
Residential
2016 vs. 2017 Year End Update
The average number of Days on Market decreased 2%
in 2017
New Listings increased 16%
Closed Sales increased 20%
The Average Sales Price decreased 13% in 2017
95% of the Original Listing Price was 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
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Local Market Update|2016 - 2017
Lincoln
County
Residential
+16% +20% -13%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
2016 - 2017
2016 2017 +/-
New Listings 424 491 +16%
Closed Sales 249 300 +20%
Median Sales Price $182K $161K -12%
Average Sales Price $232K $201K -13%
Avg. % of Original List Price Received 94% 95% +1%
Average Days on Market Until Sale 234 230 -2%
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
2016 2017
Average Days on Market
2016 2017
$400,000
400
$300,000
300
$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 01/01/2016 through 12/31/2017
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