Lincoln County Residential Update - May 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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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