Flathead County Residential Update - March 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 8% in

March and down 4% year to date.

New Listings are up 2%

Closed Sales are up 7%

The Average Sales Price is up 3% in March and up 15%

year to date


96% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | March 2018

Flathead

County

Residential

+2% +7% +3%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

March

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 220 225 +2% 493 545 +11%

Closed Sales 111 119 +7% 289 299 +3%

Median Sales Price $275K $285K +4% $260K $280K +8%

Average Sales Price $370K $380K +3% $339K $391K +15%

Avg. % of Original List Price Received 95% 96% +1% 96% 96% 0%

Average Days on Market Until Sale 190 174 -8% 182 174 -4%

New Listings

2017 2018

Closed Sales

2017 2018

500

250

400

200

300

150

200

100

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

2017 2018

2017 2018

$500,000

250

$400,000

200

$300,000

150

$200,000

$100,000

$0

100

50

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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