ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Lake County Monthly Market Update
RESIDENTIAL
• The average number of Days on Market is up 21% in
November and down 6% year to date.
• New Listings are up 21%
• Closed Sales are up 4%
• The Average Sales Price is up 191% in November and up
36% year to date
• 83% 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 | August 2018
Lake
County
Residential
+21% +4% +191%
Change in
New Listings
August
Change in
Closed Sales
Change in
Average Sales
Price
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 19 23 +21% 609 618 +1%
Closed Sales 27 28 +4% 348 352 +1%
Median Sales Price $194K $293K +51% $238K $283K +19%
Average Sales Price $267K $778K +191% $299K $406K +36%
Avg. % of Original List Price Received 94% 83% -11% 93% 93% 0%
Average Days on Market Until Sale 156 189 +21% 236 223 -6%
New Listings
Closed Sales
2017 2018
2017 2018
120
100
80
60
60
50
40
30
40
20
20
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
10
0
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
Average Sales Price
Average Days on Market
2017 2018
2017 2018
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
400
300
200
100
0
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2017 through 11/30/2018.
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