ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
LAND
The average number of Days on Market is down 25% in
June and down 29% year to date.
New Listings are down 43%
Closed Sales are up 74%
The Average Sales Price is up 6% and up 1% year to date
94% of the Original Listing Price is received at closing
3011 American Way Missoula, MT 59808
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330
WWW.ERALAMBROS.COM
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Local Market Update | June 2018
Missoula
County
Land
-43% +74% +6%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
June
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 87 50 -43% 352 292 -17%
Closed Sales 19 33 +74% 116 154 +33%
Median Sales Price $80K $90K +13% $85K $90K +6%
Average Sales Price $103K $109K +6% $119K $120K +1%
Avg. % of Original List Price Received 94% 94% 0% 91% 91% 0%
Average Days on Market Until Sale 661 495 -25% 714 505 -29%
New Listings
2017 2018
Closed Sales
2017 2018
100
40
80
60
40
20
30
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
Average Days on Market
2017 2018
2017 2018
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1000
800
600
400
200
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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