Missoula Land Update - July 2020
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market <strong>Update</strong><br />
LAND<br />
• The average number of Days on Market is up 24% in <strong>July</strong><br />
and up 19% year to date.<br />
• New Listings are up 45%<br />
• Closed Sales are up 100%<br />
• The Average Sales Price is up 2% in <strong>July</strong> and up 2%<br />
year to date<br />
• 90% 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
Local Market <strong>Update</strong> | <strong>July</strong> <strong>2020</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Land</strong><br />
+45% +100% +2%<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 56 81 +45% 386 308 -20%<br />
Closed Sales 24 48 +100% 142 185 +30%<br />
Median Sales Price $125K $115K -8% $110K $110K 0%<br />
Average Sales Price $161K $165K +2% $181K $185K +2%<br />
Avg. % of Original List Price Received 94% 90% -4% 91% 77% -14%<br />
Average Days on Market Until Sale 549 680 +24% 489 580 +19%<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2019 through 7/31/<strong>2020</strong>.
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