Lincoln County Residential Update - May 2018
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lincoln</strong> <strong>County</strong> Monthly Market <strong>Update</strong><br />
RESIDENTIAL<br />
<br />
The average number of Days on Market is down 3% in <strong>May</strong><br />
and up 22% year to date<br />
New Listings are up 12%<br />
Closed Sales are up 35%<br />
The Average Sales Price is down 25% in <strong>May</strong> and up 15%<br />
year to date<br />
<br />
95% of the Original Listing Price is received at closing<br />
P.O. Box 1484, 1115 West 9th Street, Libby, MT 59923<br />
Office: (406) 293-7721|Toll Free: (800) 858-3785| Fax: (406) 293-5168<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
<strong>May</strong><br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local Market <strong>Update</strong> | <strong>May</strong> <strong>2018</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
<strong>Residential</strong><br />
+12% +35% -25%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>May</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 68 76 +12% 201 232 +15%<br />
Closed Sales 17 23 +35% 75 74 -1%<br />
Median Sales Price $215K $200K -7% $150K $186K +24%<br />
Average Sales Price $301K $226K -25% $210K $242K +15%<br />
Avg. % of Original List Price Received 94% 95% +1% 95% 95% 0%<br />
Average Days on Market Until Sale 310 301 -3% 263 322 +22%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
120<br />
60<br />
100<br />
50<br />
80<br />
40<br />
60<br />
30<br />
40<br />
20<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr <strong>May</strong> Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr <strong>May</strong> Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
2017 <strong>2018</strong><br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
$400,000<br />
600<br />
$300,000<br />
$200,000<br />
500<br />
400<br />
300<br />
$100,000<br />
$0<br />
200<br />
100<br />
0<br />
Jan Feb Mar Apr <strong>May</strong> Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2017 through 05/31/<strong>2018</strong>.
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