ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
LAND
The average number of Days on Market is down 37% in
April and down 40% year to date
New Listings are down 46%
Closed Sales are up 67
The Average Sales Price is down 34% in April and down
20% year to date
83% of the Original Listing Price is received at closing
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168
WWW.ERALAMBROS.COM
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Local Market Update | April 2018
Lincoln
County
Land
-46% +67% -34%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
April
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 94 51 -46% 166 172 +4%
Closed Sales 6 10 +67% 17 42 +147%
Median Sales Price $47K $40K -15% $78K $57K -27%
Average Sales Price $64K $42K -34% $86K $69K -20%
Avg. % of Original List Price Received 82% 83% +1% 81% 90% +9%
Average Days on Market Until Sale 505 317 -37% 548 331 -40%
New Listings
2017 2018
Closed Sales
2017 2018
120
50
100
80
60
40
20
40
30
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
$150,000
1500
$100,000
1000
$50,000
500
$0
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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