Bitterroot Residential Update - May 2018

eralambros

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

Mar

Apr

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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