ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
RESIDENTIAL
The average number of Days on Market is down 1% in
May and is down 1% year to date.
New Listings are up 2%
Closed Sales are up 22%
The Average Sales Price is down 12% in May and down
5% year to date
98% of the Original Listing Price is received at closing
514 North 1st Street Hamilton, MT 59840
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252
5505 Eagle Court, Suite B Florence, MT 59833
Office: (406) 273-7777| Fax: (406) 532-9677
WWW.ERALAMBROS.COM
Jan
Feb
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May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Local Market Update | May 2018
Ravalli
County
Residential
+2% +22% -12%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
May
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 133 135 +2% 499 517 +4%
Closed Sales 73 89 +22% 206 278 +35%
Median Sales Price $285K $265K -7% $266K $274K +3%
Average Sales Price $321K $284K -12% $340K $322K -5%
Avg. % of Original List Price Received 96% 98% +2% 94% 97% +3%
Average Days on Market Until Sale 196 194 -1% 208 205 -1%
New Listings
2017 2018
Closed Sales
2017 2018
150
100
100
80
60
50
40
20
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
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
300
200
100
0
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 05/31/2018.
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