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February 2021 - Lake Residential

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ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Lake County Monthly Market Update

RESIDENTIAL

• The average number of Days on Market is down 34% in

February and down 3% year to date.

• New Listings are down 27%

• Closed Sales are down 7%

• The Average Sales Price is up 81% in and up 54% year to

date

• 101% of the Original Listing Price is received at closing

Office: (406) 883-1372|Toll Free: (800) 432-6828| Fax: (406) 883-1373

WWW.ERALAMBROS.COM


Local Market Update | February 2021

Lake

County

Residential

-27% -7% +81%

Change in

New Listings

February

Change in

Closed Sales

Change in

Average Sales

Price

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings 44 32 -27% 76 60 -20%

Closed Sales 29 27 -7% 56 60 +7%

Median Sales Price $325K $410K +26% $292K $405K +39%

Average Sales Price $358K $649K +81% $354K $545K +54%

Avg. % of Original List Price Received 95% 101% +6% 95% 99% +4%

Average Days on Market Until Sale 269 178 -34% 239 233 -3%

Based on information from the Northwest Montana Association of REALTORS®, Inc. for the period of 01/01/2020 through 2/28/2021.

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