Flathead County Residential Market Update - November 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Flathead County Monthly Market Update

• The average number of Days on Market is down 16% in

November and down 6% year to date.

• New Listings are up 18%

• Closed Sales are up 13%

RESIDENTIAL

• The Average Sales Price is up 25% in November and up

10% year to date

• 91% of the Original Listing Price is received at closing

4 1st Street, Suite 102, Kalispell, MT 59901

Office: (406) 752-9200| Fax: (406) 314-4953

WWW.ERALAMBROS.COM


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Local Market Update | November 2018

Flathead

County

Residential

+18% +13% +25%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

November

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 123 145 +18% 2,561 2,863 +12%

Closed Sales 135 152 +13% 1,752 1,738 -1%

Median Sales Price $285K $341K +20% $275K $309K +12%

Average Sales Price $391K $490K +25% $353K $390K +10%

Avg. % of Original List Price Received 95% 91% -4% 97% 96% -1%

Average Days on Market Until Sale 174 147 -16% 161 151 -6%

New Listings

Closed Sales

500

400

300

2017 2018

250

200

150

2017 2018

200

100

100

50

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

$600,000

$500,000

$400,000

$300,000

$200,000

250

200

150

100

$100,000

$0

50

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 11/30/2018.

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