Missoula Land Update - November 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

LAND

• The average number of Days on Market is down 52% in

November and down 21% year to date.

• New Listings are down 36%

• Closed Sales are down 33%

• The Average Sales Price is down 31% in November and

down 11% year to date

• 92% 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


Local Market Update | November 2018

Missoula

County

Land

-36% -33% -31%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

November

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 39 25 -36% 623 551 -12%

Closed Sales 18 12 -33% 228 245 +7%

Median Sales Price $116K $90K -22% $90K $90K 0%

Average Sales Price $162K $111K -31% $142K $127K -11%

Avg. % of Original List Price Received 92% 92% 0% 93% 92% -1%

Average Days on Market Until Sale 647 311 -52% 614 483 -21%

New Listings

2017 2018

Closed Sales

2017 2018

100

40

80

30

60

40

20

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

1000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 11/30/2018.

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