EOY Missoula Residential Update 2017

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

Residential

2016 vs. 2017 Year End Update


The Average Number of Days on Market decreased by

9% in 2017

New Listings increased by 3%

Closed Sales increased by 8%

The Average Sales Price increased by 8%


97% 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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update|2016 - 2017

Missoula

County

Residential

+3% +8% +8%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

2016 - 2017

2016 2017 +/-

New Listings 2,316 2,395 +3%

Closed Sales 1,610 1,740 +8%

Median Sales Price $257K $270K +5%

Average Sales Price $284K $307K +8%

Avg. % of Original List Price Received 98% 97% -1%

Average Days on Market Until Sale 148 134 -9%

New Listings

2016 2017

Closed Sales

2016 2017

400

250

300

200

200

100

150

100

50

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

$400,000

$300,000

$200,000

$100,000

$0

250

200

150

100

50

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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