ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 5% in
April and down 9% year to date.
New Listings are down 16%
Closed Sales are up 12%
The Average Sales Price is up 6% in April and up 45%
year to date
94% of the Original Listing Price is received at closing
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373
WWW.ERALAMBROS.COM
Jan
Feb
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Local Market Update | April 2018
Lake
County
Residential
-16% +12% +6%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 86 72 -16% 214 182 -15%
Closed Sales 26 29 +12% 80 84 +5%
Median Sales Price $234K $269K +15% $224K $278K +24%
Average Sales Price $276K $292K +6% $267K $387K +45%
Avg. % of Original List Price Received 96% 94% -2% 95% 93% -2%
Average Days on Market Until Sale 242 230 -5% 298 272 -9%
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
2017 2018
2017 2018
$800,000
$600,000
400
300
$400,000
200
$200,000
100
$0
0
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 04/30/2018.
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