Lake County Residential Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL


The average number of Days on Market is down 3% in

July and up 2% year to date.

New Listings are up 13%

Closed Sales are up 12%

The Average Sales Price is up 20% in July and up 24%

year to date


97% 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

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | July 2018

Lake

County

Residential

+13% +12% +20%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 70 79 +13% 462 446 -3%

Closed Sales 42 47 +12% 201 200 -0.5%

Median Sales Price $243K $248K +2% $238K $269K +13%

Average Sales Price $291K $348K +20% $286K $356K +24%

Avg. % of Original List Price Received 89% 97% +8% 93% 95% +2%

Average Days on Market Until Sale 187 181 -3% 239 244 +2%

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

2017 2018

Average Days on Market

2017 2018

$800,000

400

$600,000

300

$400,000

200

$200,000

100

$0

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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

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