Missoula Residential Update - July 2018

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

RESIDENTIAL

The average number of Days on Market is up 18% in July

and down 2% year to date.

New Listings are up 14%

Closed Sales are down 9%

The Average Sales Price is up 34% in June and up 8% year

to date

98% 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 | July 2018

Missoula

County

Residential

+14% -9% +34%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 206 235 +14% 1,631 1,522 -7%

Closed Sales 180 164 -9% 962 949 -1%

Median Sales Price $270K $301K +11% $270K $294K +9%

Average Sales Price $288K $385K +34% $306K $330K +8%

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

Average Days on Market Until Sale 91 107 +18% 133 131 -2%

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

$500,000

$400,000

2017 2018

300

2017 2018

$300,000

200

$200,000

$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 07/31/2018.