ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
LAND
The average number of Days on Market is up 28% in
January 2018.
New Listings are down 14%
Closed Sales are up 70%
The Average Sales Price is up 37% year to date
93% of the Original Listing Price is received at closing
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 | January 2018
Missoula
County
-14% +70% +28%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
January
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 44 38 -14% 44 38 -14%
Closed Sales 10 17 +70% 10 17 +70%
Median Sales Price $85K $110K +29% $85K $110K +29%
Average Sales Price $108K $148K +37% $108K $148K +37%
Avg. % of Original List Price Received 96% 93% -3% 96% 93% -3%
Average Days on Market Until Sale 396 508 +28% 396 508 +28%
New Listings
2017 2018
Closed Sales
2017 2018
100
40
80
60
40
20
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
2017 2018
Average Days on Market
2017 2018
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1000
800
600
400
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 01/01/2017 through 01/31/2018.