Flathead County Residential Market Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 16% in

July and down 6% year to date.

New Listings are up 16%

Closed Sales are down 17%

The Average Sales Price is down 1% in July and up 8%

year to date


97% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


Local Market Update | July 2018

Flathead

County

Residential

+16% -17% -1%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 292 340 +16% 1,855 1,970 +6%

Closed Sales 203 169 -17% 1,031 1,008 -2%

Median Sales Price $288K $307K +7% $270K $297K +10%

Average Sales Price $380K $375K -1% $344K $372K +8%

Avg. % of Original List Price Received 96% 97% +1% 97% 97% 0%

Average Days on Market Until Sale 156 131 -16% 170 159 -6%

New Listings

2017 2018

Closed Sales

2017 2018

500

250

400

200

300

150

200

100

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

2017 2018

2017 2018

$500,000

250

$400,000

200

$300,000

150

$200,000

100

$100,000

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

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/2018.

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