Missoula Residential Update - March 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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