Bitterroot Residential Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Ravalli County Monthly Market Update

RESIDENTIAL


The average number of Days on Market showed no

change in March and is up 3% year to date.

New Listings are up 17%

Closed Sales are up 68%



The Average Sales Price is up 3% in March and down

11% year to date

97% 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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | March 2018

Ravalli

County

Residential

+17% +68% +3%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 103 120 +17% 224 255 +14%

Closed Sales 34 57 +68% 89 134 +51%

Median Sales Price $274K $285K +4% $257K $280K +9%

Average Sales Price $324K $333K +3% $372K $330K -11%

Avg. % of Original List Price Received 95% 97% +2% 92% 96% +4%

Average Days on Market Until Sale 253 253 0% 215 222 +3%

New Listings

2017 2018

Closed Sales

2017 2018

150

100

100

80

60

50

40

20

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

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

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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