Lincoln County Land Market Update - May 2018
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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 <strong>Market</strong> <strong>Update</strong> | <strong>May</strong> <strong>2018</strong><br />
<strong>Lincoln</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-42% -19% +9%<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 88 51 -42% 255 223 -13%<br />
Closed Sales 21 17 -19% 38 59 +55%<br />
Median Sales Price $40K $61K +53% $50K $58K +16%<br />
Average Sales Price $77K $84K +9% $81K $74K -9%<br />
Avg. % of Original List Price Received 79% 89% +10% 80% 89% +9%<br />
Average Days on <strong>Market</strong> Until Sale 317 381 +20% 420 346 -18%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
120<br />
50<br />
100<br />
80<br />
60<br />
40<br />
20<br />
40<br />
30<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 <strong>Market</strong><br />
2017 <strong>2018</strong><br />
$150,000<br />
1200<br />
1000<br />
$100,000<br />
800<br />
$50,000<br />
600<br />
400<br />
$0<br />
200<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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