ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
Land
2016 vs. 2017 Year End Update
The average number of Days on Market increased by
63%
New Listings decreased by 12%
Closed Sales decreased by 8%
The Average Sales Price decreased by 3%
93% of the Original Listing Price was received at closing
in 2017
3011 American Way Missoula, MT 59808
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330
WWW.ERALAMBROS.COM
Local Market Update|2016 - 2017
Missoula
County
Land
-12% -8% -3%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
2016 - 2017
2016 2017 +/-
New Listings 720 637 -12%
Closed Sales 269 248 -8%
Median Sales Price $88K $90K +2%
Average Sales Price $146K $142K -3%
Avg. % of Original List Price Received 89% 93% +4%
Average Days on Market Until Sale 372 607 +63%
New Listings
2016 2017
Closed Sales
2016 2017
200
50
150
40
100
50
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
Average Days on Market
2016 2017
2016 2017
$300,000
$200,000
1000
800
600
$100,000
400
$0
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 01/01/2016 through 12/31/2017.
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