Missoula Residential Update - April 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 23% in April

and down 9% year to date.

New Listings are down 5%

Closed Sales are up 13%



The Average Sales Price is up 9% and down 1% year to

date

99% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | April 2018

Missoula

County

Residential

-5% +13% +9%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

April

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 259 247 -5% 800 704 -12%

Closed Sales 105 119 +13% 398 400 +1%

Median Sales Price $262K $282K +8% $265K $279K +5%

Average Sales Price $288K $313K +9% $307K $303K -1%

Avg. % of Original List Price Received 98% 99% +1% 97% 98% +1%

Average Days on Market Until Sale 123 151 +23% 156 142 -9%

New Listings

2017 2018

Closed Sales

2017 2018

400

250

300

200

200

100

150

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

$400,000

$300,000

$200,000

2017 2018

300

200

2017 2018

$100,000

100

$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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