ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
LAND
The average number of Days on Market is up 53% in
January 2018
New Listings are down 23%
Closed Sales are up 100%
The Average Sales Price is down 29% year to date
90% 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
-23% +100% +53%
Change in Change in Change in
New Listings Closed Sales Days on Market
Land
January
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 30 23 -23% 30 23 -23%
Closed Sales 5 10 +100% 5 10 +100%
Median Sales Price $130K $36K -72% $130K $36K -72%
Average Sales Price $109K $77K -29% $109K $77K -29%
Avg. % of Original List Price Received 73% 90% +17% 73% 90% +17%
Average Days on Market Until Sale 401 613 +53% 401 613 +53%
New Listings
Closed Sales
2017 2018
2017 2018
120
50
100
80
60
40
20
40
30
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
$150,000
1200
1000
$100,000
800
600
$50,000
400
200
$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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