Flathead County Residential Market Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 9% in April

and down 6% year to date.

New Listings are down 6%

Closed Sales are up 10%

The Average Sales Price is up 11% in April and up 14%

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 | April 2018

Flathead

County

Residential

-6% +10% +11%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 300 281 -6% 793 832 +5%

Closed Sales 122 134 +10% 411 434 +6%

Median Sales Price $274K $320K +17% $264K $285K +8%

Average Sales Price $336K $372K +11% $338K $385K +14%

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

Average Days on Market Until Sale 216 197 -9% 192 181 -6%

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 04/30/2018.

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