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
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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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