Flathead County Residential Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 4% in

January 2018.

New Listings are up 34%

Closed Sales are down 8%



The Average Sales Price is up 20% year to date

97% of the Original Listing Price is received at closing

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | January 2018

Flathead

County

Residential

+34% -8% +20%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 116 156 +34% 116 156 +34%

Closed Sales 106 98 -8% 106 98 -8%

Median Sales Price $250K $282K +13% $250K $282K +13%

Average Sales Price $329K $395K +20% $329K $395K +20%

Avg. % of Original List Price Received 95% 97% +2% 95% 97% +2%

Average Days on Market Until Sale 164 157 -4% 164 157 -4%

New Listings

2017 2018

Closed Sales

2017 2018

500

250

400

200

300

150

200

100

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

$500,000

$400,000

$300,000

$200,000

$100,000

$0

250

200

150

100

50

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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