Missoula Land Update - July 2018
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Local Market <strong>Update</strong> | <strong>July</strong> <strong>2018</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Land</strong><br />
+62% -16% -38%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
<strong>July</strong><br />
Year to Date<br />
2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />
New Listings 42 68 +62% 394 363 -8%<br />
Closed Sales 25 21 -16% 141 176 +25%<br />
Median Sales Price $95K $90K -5% $86K $90K +5%<br />
Average Sales Price $250K $156K -38% $142K $125K -12%<br />
Avg. % of Original List Price Received 90% 94% +4% 90% 92% +2%<br />
Average Days on Market Until Sale 561 608 +8% 687 515 -25%<br />
New Listings<br />
2017 <strong>2018</strong><br />
Closed Sales<br />
2017 <strong>2018</strong><br />
100<br />
40<br />
80<br />
60<br />
40<br />
20<br />
30<br />
20<br />
10<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
0<br />
Jan Feb Mar Apr May Jun<br />
Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on Market<br />
2017 <strong>2018</strong><br />
2017 <strong>2018</strong><br />
$300,000<br />
$250,000<br />
$200,000<br />
$150,000<br />
$100,000<br />
$50,000<br />
$0<br />
1000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/<strong>2018</strong>.
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