ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 17% in
March and down 17% year to date.
New Listings are down 8%
Closed Sales are down 4%
The Average Sales Price is down 1% in March and down
5% year to date
98% 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 | March 2018
Missoula
County
Residential
-8% -4% -1%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
March
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 212 196 -8% 540 454 -16%
Closed Sales 114 109 -4% 292 278 -5%
Median Sales Price $272K $282K +4% $265K $272K +3%
Average Sales Price $305K $302K -1% $315K $298K -5%
Avg. % of Original List Price Received 98% 98% 0% 97% 98% +1%
Average Days on Market Until Sale 147 122 -17% 168 139 -17%
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
$400,000
$300,000
$200,000
2017 2018
300
200
2017 2018
$100,000
100
$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 03/31/2018.
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