Lake County Residential Update - June 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 22% in June

and up 5% year to date.

New Listings are up 1%

Closed Sales are down 11%

The Average Sales Price is up 12% in June and up 26%

year to date


96% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Jan

Feb

Mar

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Jun

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Aug

Sep

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Nov

Dec

Jan

Feb

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Jun

Jul

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Local Market Update | June 2018

Lake

County

Residential

+1% -11% +12%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 79 80 +1% 393 368 -6%

Closed Sales 45 40 -11% 158 153 -3%

Median Sales Price $272K $283K +4% $235K $270K +15%

Average Sales Price $334K $373K +12% $286K $359K +26%

Avg. % of Original List Price Received 93% 96% +3% 94% 94% 0%

Average Days on Market Until Sale 175 214 +22% 252 264 +5%

New Listings

2017 2018

Closed Sales

2017 2018

120

60

100

50

80

40

60

30

40

20

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

$800,000

$600,000

400

300

$400,000

200

$200,000

100

$0

0

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

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