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
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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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