Bitterroot Land Update - July 2020
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Local Market <strong>Update</strong> | <strong>July</strong> <strong>2020</strong><br />
Ravalli<br />
County<br />
<strong>Land</strong><br />
+14% +41% +130%<br />
Change in<br />
New Listings<br />
<strong>July</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2019 <strong>2020</strong> +/- 2019 <strong>2020</strong> +/-<br />
New Listings 35 40 +14% 309 281 -9%<br />
Closed Sales 32 45 +41% 132 190 +44%<br />
Median Sales Price $70K $155K +121% $92K $125K +36%<br />
Average Sales Price $89K $205K +130% $109K $168K +54%<br />
Avg. % of Original List Price Received 93% 96% +3% 92% 91% -1%<br />
Average Days on Market Until Sale 385 496 +29% 399 440 +10%<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2019 through 7/31/<strong>2020</strong>.
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