Missoula Land Update - January 2018

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

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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.