ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Ravalli County Monthly Market Update
• The average number of Days on Market is up 86% in
November and up 17% year to date.
• New Listings are down 26%
• Closed Sales are up 150%
LAND
• The Average Sales Price is up 51% in November and up
32% year to date
• 86% 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
Land
-26% +150% +51%
Change in
New Listings
Change in
Closed Sales
Change in
Average Sales
Price
November
Year to Date
2017 2018 +/- 2017 2018 +/-
New Listings 38 28 -26% 464 458 -1%
Closed Sales 8 20 +150% 178 214 +20%
Median Sales Price $103K $121K +17% $67K $83K +24%
Average Sales Price $134K $203K +51% $93K $123K +32%
Avg. % of Original List Price Received 89% 86% -3% 87% 90% +3%
Average Days on Market Until Sale 211 393 +86% 327 382 +17%
New Listings
Closed Sales
2017 2018
2017 2018
80
50
60
40
40
20
30
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
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
700
600
500
400
300
200
100
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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