Missoula Residential Market Update - January 2019
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly <strong>Market</strong> <strong>Update</strong><br />
RESIDENTIAL<br />
• The average number of Days on <strong>Market</strong> is down 5% in<br />
<strong>January</strong><br />
• New Listings are up 33%<br />
• Closed Sales are up 3%<br />
• The Average Sales Price is up 11%<br />
• 98% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROS.COM
Jan<br />
Feb<br />
Mar<br />
Apr<br />
May<br />
Jun<br />
Jul<br />
Aug<br />
Sep<br />
Oct<br />
Nov<br />
Dec<br />
Local <strong>Market</strong> <strong>Update</strong> | <strong>January</strong> <strong>2019</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Residential</strong><br />
+33% +3% +11%<br />
Change in<br />
New Listings<br />
September<br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2018 <strong>2019</strong> +/- 2018 <strong>2019</strong> +/-<br />
New Listings 113 150 +33% 113 150 +33%<br />
Closed Sales 78 80 +3% 78 80 +3%<br />
Median Sales Price $270K $298K +10% $270K $298K +10%<br />
Average Sales Price $310K $344K +11% $310K $344K +11%<br />
Avg. % of Original List Price Received 97% 98% +1% 97% 98% +1%<br />
Average Days on <strong>Market</strong> Until Sale 155 148 -5% 155 148 -5%<br />
New Listings<br />
Closed Sales<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2018 <strong>2019</strong><br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2018 <strong>2019</strong><br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Average Sales Price<br />
Average Days on <strong>Market</strong><br />
2018 <strong>2019</strong><br />
2018 <strong>2019</strong><br />
$500,000<br />
$400,000<br />
$300,000<br />
$200,000<br />
200<br />
150<br />
100<br />
$100,000<br />
50<br />
$0<br />
0<br />
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2018 through 01/31/<strong>2019</strong>.
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