Lake County Residential Market Update - May 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 25% in May

and down 1% year to date.

New Listings are up 3%

Closed Sales are down 12%

The Average Sales Price is up 2% in May and up 33%

year to date


97% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | May 2018

Lake

County

Residential

+3% -12% +2%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

May

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 98 101 +3% 314 286 -9%

Closed Sales 33 29 -12% 113 113 0%

Median Sales Price $215K $199K -7% $223K $270K +21%

Average Sales Price $266K $272K +2% $266K $353K +33%

Avg. % of Original List Price Received 95% 97% +2% 95% 93% -2%

Average Days on Market Until Sale 247 309 +25% 283 281 -1%

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

$800,000

400

$600,000

300

$400,000

200

$200,000

100

$0

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 05/31/2018.

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