Missoula Residential Update - November 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

RESIDENTIAL

• The average number of Days on Market is down 4% in

November and down 2% year to date.

• New Listings are down 3%

• Closed Sales are up 8%

• The Average Sales Price is up 7% in November and up 9%

year to date

• 95% 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


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Local Market Update | November 2018

Missoula

County

Residential

-3% +8% +7%

Change in

New Listings

November

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 112 109 -3% 2,307 2,229 -3%

Closed Sales 115 124 +8% 1,618 1,572 -3%

Median Sales Price $260K $275K +6% $269K $291K +8%

Average Sales Price $300K $322K +7% $304K $330K +9%

Avg. % of Original List Price Received 97% 95% -2% 98% 98% 0%

Average Days on Market Until Sale 131 126 -4% 131 128 -2%

New Listings

Closed Sales

350

300

250

200

150

100

50

0

2017 2018

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

250

200

150

100

50

0

2017 2018

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

Average Sales Price

Average Days on Market

2017 2018

2017 2018

$500,000

$400,000

$300,000

$200,000

$100,000

$0

250

200

150

100

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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