Missoula Residential Update - January 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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