Flathead County Residential Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

RESIDENTIAL



The average number of Days on Market is down 5% in June

and down 5% year to date.

New Listings show no change

Closed Sales are down 3%



The Average Sales Price is up 7% in June and up 11% year

to date

97% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | June 2018

Flathead

County

Residential

0% -3% +7%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 386 386 0% 1,563 1,620 +4%

Closed Sales 205 198 -3% 826 824 -0.2%

Median Sales Price $280K $322K +15% $269K $295K +10%

Average Sales Price $336K $360K +7% $335K $372K +11%

Avg. % of Original List Price Received 100% 97% -3% 97% 96% -1%

Average Days on Market Until Sale 146 139 -5% 174 166 -5%

New Listings

2017 2018

Closed Sales

2017 2018

500

250

400

200

300

150

200

100

100

50

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

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

50

$0

0

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

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

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