Missoula Land Update - July 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

LAND


The average number of Days on Market is up 8% in June

and down 25% year to date.

New Listings are up 62%

Closed Sales are down 16%



The Average Sales Price is down 38% in July and down

12% year to date

94% 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 | July 2018

Missoula

County

Land

+62% -16% -38%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

July

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 42 68 +62% 394 363 -8%

Closed Sales 25 21 -16% 141 176 +25%

Median Sales Price $95K $90K -5% $86K $90K +5%

Average Sales Price $250K $156K -38% $142K $125K -12%

Avg. % of Original List Price Received 90% 94% +4% 90% 92% +2%

Average Days on Market Until Sale 561 608 +8% 687 515 -25%

New Listings

2017 2018

Closed Sales

2017 2018

100

40

80

60

40

20

30

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

Average Days on Market

2017 2018

2017 2018

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

1000

800

600

400

200

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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