Missoula Land Update - June 2018

eralambros

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


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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