ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is up 30% in
March and down 10% year to date.
New Listings are down 22%
Closed Sales are up 28%
The Average Sales Price is up 64% in March and up 63%
year to date
93% of the Original Listing Price is received at closing
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373
WWW.ERALAMBROS.COM
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Local Market Update | March 2018
Lake
County
Residential
-22% +28% +64%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
March
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 71 58 -22% 128 111 -13%
Closed Sales 18 23 +28% 54 55 +2%
Median Sales Price $208K $299K +44% $224K $289K +29%
Average Sales Price $264K $433K +64% $262K $428K +63%
Avg. % of Original List Price Received 93% 93% 0% 94% 92% -2%
Average Days on Market Until Sale 255 332 +30% 325 294 -10%
New Listings
2017 2018
Closed Sales
2017 2018
120
60
100
50
80
40
60
30
40
20
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
$800,000
$600,000
400
300
$400,000
200
$200,000
100
$0
0
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 03/31/2018.
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