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
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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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