Missoula Residential Update - June 2018pub

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is up 1% in June

and down 1% year to date.

New Listings are down 3%

Closed Sales are down 10%



The Average Sales Price is up 2% and up 3% year to date

99% 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

Residential

-3% -10% +2%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

June

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 299 291 -3% 1,424 1,287 -10%

Closed Sales 220 198 -10% 776 777 +0.1%

Median Sales Price $275K $295K +7% $270K $293K +9%

Average Sales Price $316K $323K +2% $310K $319K +3%

Avg. % of Original List Price Received 98% 99% +1% 98% 98% 0%

Average Days on Market Until Sale 125 126 +1% 142 140 -1%

New Listings

2017 2018

Closed Sales

2017 2018

400

250

300

200

200

100

150

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

$400,000

$300,000

$200,000

2017 2018

300

200

2017 2018

$100,000

100

$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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