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
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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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