ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lincoln County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 3% in May
and up 22% year to date
New Listings are up 12%
Closed Sales are up 35%
The Average Sales Price is down 25% in May and up 15%
year to date
95% 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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May
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Dec
Local Market Update | May 2018
Lincoln
County
Residential
+12% +35% -25%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
May
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 68 76 +12% 201 232 +15%
Closed Sales 17 23 +35% 75 74 -1%
Median Sales Price $215K $200K -7% $150K $186K +24%
Average Sales Price $301K $226K -25% $210K $242K +15%
Avg. % of Original List Price Received 94% 95% +1% 95% 95% 0%
Average Days on Market Until Sale 310 301 -3% 263 322 +22%
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
2017 2018
Average Days on Market
2017 2018
$400,000
600
$300,000
$200,000
500
400
300
$100,000
$0
200
100
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 05/31/2018.
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