ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
RESIDENTIAL
• The average number of Days on Market is up 32% in
November and is up 7% year to date.
• New Listings are up 23%
• Closed Sales are down 24%
• The Average Sales Price is up 35% in November and up
17% year to date
• 96% of the Original Listing Price is received at closing
514 North 1st Street Hamilton, MT 59840
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252
5505 Eagle Court, Suite B Florence, MT 59833
Office: (406) 273-7777| Fax: (406) 532-9677
WWW.ERALAMBROS.COM
Local Market Update | November 2018
Ravalli
County
Residential
+23% -24% +35%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
November
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 44 54 +23% 1,066 1,085 +2%
Closed Sales 62 47 -24% 629 684 +9%
Median Sales Price $253K $315K +25% $263K $280K +6%
Average Sales Price $270K $365K +35% $295K $344K +17%
Avg. % of Original List Price Received 95% 96% +1% 96% 95% -1%
Average Days on Market Until Sale 160 211 +32% 169 180 +7%
New Listings
Closed Sales
2017 2018
2017 2018
160
140
120
100
80
60
40
20
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
100
80
60
40
20
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
300
250
$400,000
200
$300,000
150
$200,000
100
$100,000
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
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2017 through 11/30/2018.
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