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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