Lincoln County Residential Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lincoln County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 73% in March

and up 62% year to date

New Listings are up 29%

Closed Sales are down 57%

The Average Sales Price is up 113% in March and up 34%

year to date


96% of the Original Listing Price is received at closing

P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923

Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | March 2018

Lincoln

County

Residential

+29% -57% +113%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 31 40 +29% 85 85 0%

Closed Sales 23 10 -57% 43 34 -21%

Median Sales Price $115K $273K +137% $150K $217K +45%

Average Sales Price $159K $339K +113% $200K $267K +34%

Avg. % of Original List Price Received 97% 96% -1% 96% 94% -2%

Average Days on Market Until Sale 192 332 +73% 238 386 +62%

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

$400,000

$300,000

2017 2018

600

2017 2018

$200,000

400

$100,000

200

$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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