Bitterroot Residential Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Ravalli County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 12% in

June and is up 5% year to date.

New Listings are down 1%

Closed Sales are down 21%



The Average Sales Price is down 10% in June and down

9% 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 | June 2018

Ravalli

County

Residential

-1% -21% -10%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 142 141 -1% 643 659 +2%

Closed Sales 91 72 -21% 299 351 +17%

Median Sales Price $265K $285K +8% $265K $275K +4%

Average Sales Price $353K $318K -10% $343K $311K -9%

Avg. % of Original List Price Received 106% 98% -8% 97% 98% +1%

Average Days on Market Until Sale 147 164 +12% 188 197 +5%

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

250

200

150

100

50

0

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

Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 06/30/2018.

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