ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
LAND
The average number of Days on Market is down 53% in
March and down 22% year to date.
New Listings are down 9%
Closed Sales are down 40%
The Average Sales Price is down 53% in March and up 4%
year to date
95% of the Original Listing Price is received at closing
514 North 1st Street Hamilton, MT 59840
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252
5505 Eagle Court, Suite B Florence, MT 59833
Office: (406) 273-7777| Fax: (406) 532-9677
WWW.ERALAMBROS.COM
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Local Market Update | March 2018
Ravalli
County
Land
-9% -40% -53%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
March
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 58 53 -9% 123 100 -19%
Closed Sales 15 9 -40% 31 32 +3%
Median Sales Price $50K $75K +50% $57K $76K +33%
Average Sales Price $164K $77K -53% $122K $127K +4%
Avg. % of Original List Price Received 81% 95% +14% 84% 86% +2%
Average Days on Market Until Sale 566 266 -53% 449 348 -22%
New Listings
2017 2018
Closed Sales
2017 2018
80
30
60
25
20
40
15
20
10
5
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
2017 2018
Average Days on Market
2017 2018
$200,000
$150,000
$100,000
$50,000
$0
600
500
400
300
200
100
0
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 03/31/2018.
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