Missoula Residential Update - January 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
RESIDENTIAL<br />
<br />
The average number of Days on Market is down 7% in<br />
<strong>January</strong> <strong>2018</strong>.<br />
New Listings are down 23%<br />
Closed Sales are down 20%<br />
<br />
<br />
The Average Sales Price is down 11% year to date<br />
97% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong> | <strong>January</strong> <strong>2018</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Residential</strong><br />
-23% -20% -11%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>January</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 146 113 -23% 146 113 -23%<br />
Closed Sales 98 78 -20% 98 78 -20%<br />
Median Sales Price $258K $270K +5% $258K $270K +5%<br />
Average Sales Price $348K $310K -11% $348K $310K -11%<br />
Avg. % of Original List Price Received 94% 97% +3% 94% 97% +3%<br />
Average Days on Market Until Sale 167 155 -7% 167 155 -7%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
400<br />
250<br />
300<br />
200<br />
200<br />
100<br />
150<br />
100<br />
50<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$400,000<br />
250<br />
$300,000<br />
200<br />
$200,000<br />
$100,000<br />
150<br />
100<br />
50<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2017 through 01/31/<strong>2018</strong>.
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