Bitterroot Residential Update - April 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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