EOY Lake Residential-2020
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Lake</strong> County Monthly Market Update<br />
<strong>Residential</strong><br />
2019 vs. <strong>2020</strong> Year End Update<br />
• The average number of Days on Market went down 3%<br />
• New Listings went up 1%<br />
• Closed Sales went up 48%<br />
• The Average Sales Price went up 39%<br />
• 96% of the Original Listing Price was received at closing<br />
#2 South Bayshore Drive Polson, MT 59860<br />
Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373<br />
WWW.ERALAMBROS.COM
Local Market Update|2019 - <strong>2020</strong><br />
<strong>Lake</strong><br />
County<br />
<strong>Residential</strong><br />
+1% +48% +24%<br />
Change in<br />
New Listings<br />
Change in<br />
Closed Sales<br />
Change in<br />
Median Sales<br />
Price<br />
2019 <strong>2020</strong> +/-<br />
New Listings 642 645 +1%<br />
Closed Sales 403 595 +48%<br />
Median Sales Price $299K $370K +24%<br />
Average Sales Price $389K $542K +39%<br />
Avg. % of Original List Price Received 94% 96% +2%<br />
Average Days on Market Until Sale 208 201 -3%<br />
Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2019 through 12/31/<strong>2020</strong>.
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