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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Flathead</strong> <strong>County</strong> Monthly <strong>Market</strong> <strong>Update</strong><br />
LAND<br />
• The average number of Days on <strong>Market</strong> is down 4% in<br />
<strong>October</strong> and down 9% year to date.<br />
• New Listings are down 19%<br />
• Closed Sales are up 21%<br />
• The Average Sales Price is up 13% in <strong>October</strong> and up 5%<br />
year to date<br />
• 91% of the Original Listing Price is received at closing<br />
211 Parkway Drive, Kalispell, MT 59901<br />
Office: (406) 752-9200| Fax: (406) 314-4953<br />
WWW.ERALAMBROS.COM
Local <strong>Market</strong> <strong>Update</strong> | <strong>October</strong> <strong>2019</strong><br />
<strong>Flathead</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-19% +21% +13%<br />
Change in<br />
New Listings<br />
<strong>October</strong><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 108 88 -19% 1300 1198 -8%<br />
Closed Sales 63 76 +21% 612 597 -2%<br />
Median Sales Price $111K $105K -5% $105K $115K +10%<br />
Average Sales Price $149K $168K +13% $167K $175K +5%<br />
Avg. % of Original List Price Received 92% 91% -1% 93% 92% -1%<br />
Average Days on <strong>Market</strong> Until Sale 483 464 -4% 431 392 -9%<br />
Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2018 through 10/31/<strong>2019</strong>.
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