ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 14% in
April and down 2% year to date.
New Listings are down 13%
Closed Sales are up 23%
The Average Sales Price is up 23% in April and down 3%
year to date
96% 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 | April 2018
Ravalli
County
Residential
-13% +23% +20%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 142 123 -13% 367 378 +3%
Closed Sales 43 53 +23% 133 188 +41%
Median Sales Price $248K $250K +1% $255K $279K +10%
Average Sales Price $308K $369K +20% $350K $341K -3%
Avg. % of Original List Price Received 96% 96% 0% 93% 96% +3%
Average Days on Market Until Sale 211 181 -14% 214 210 -2%
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 04/30/2018.
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