EOY Lincoln Residential Update 2017

eralambros

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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