Licoln County Residential Update - January 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 9% in

January 2018

New Listings are down 37%

Closed Sales are up 36%



The Average Sales Price is up 3% year to date

91% of the Original Listing Price is received at closing

P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923

Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168

WWW.ERALAMBROS.COM


Local Market Update | January 2018

Lincoln

County

Residential

-37% +36% +3%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

January

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 35 22 -37% 35 22 -37%

Closed Sales 11 15 +36% 11 15 +36%

Median Sales Price $142K $226K +59% $142K $226K +59%

Average Sales Price $228K $235K +3% $228K $235K +3%

Avg. % of Original List Price Received 93% 91% -2% 93% 91% -2%

Average Days on Market Until Sale 358 390 +9% 358 390 +9%

New Listings

Closed Sales

2017 2018

2017 2018

120

60

100

50

80

40

60

30

40

20

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

Average Days on Market

2017 2018

2017 2018

$400,000

500

$300,000

400

$200,000

$100,000

300

200

100

$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

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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