ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 7% in
January 2018.
New Listings are down 23%
Closed Sales are down 20%
The Average Sales Price is down 11% year to date
97% 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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Local Market Update | January 2018
Missoula
County
Residential
-23% -20% -11%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
January
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 146 113 -23% 146 113 -23%
Closed Sales 98 78 -20% 98 78 -20%
Median Sales Price $258K $270K +5% $258K $270K +5%
Average Sales Price $348K $310K -11% $348K $310K -11%
Avg. % of Original List Price Received 94% 97% +3% 94% 97% +3%
Average Days on Market Until Sale 167 155 -7% 167 155 -7%
New Listings
2017 2018
Closed Sales
2017 2018
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
2017 2018
2017 2018
$400,000
250
$300,000
200
$200,000
$100,000
150
100
50
$0
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.
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