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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Ravalli</strong> <strong>County</strong> Monthly Market Update<br />
• The average number of Days on Market is down 9% in<br />
<strong>February</strong> and down 28% year to date.<br />
• New Listings are down 49%<br />
• Closed Sales are up 115%<br />
LAND<br />
• The Average Sales Price is up 15% in <strong>February</strong> and up 40%<br />
year to date<br />
• 96% of the Original Listing Price is received at closing<br />
514 North 1st Street Hamilton, MT 59840<br />
Office: (406) 363-6668|Toll Free: (888) 734-7653| Fax: (406) 363-3252<br />
5505 Eagle Court, Suite B Florence, MT 59833<br />
Office: (406) 273-7777| Fax: (406) 532-9677<br />
WWW.ERALAMBROS.COM
Local Market Update | <strong>February</strong> <strong>2021</strong><br />
<strong>Ravalli</strong><br />
<strong>County</strong><br />
<strong>Land</strong><br />
-49% +115% +15%<br />
Change in<br />
New Listings<br />
<strong>February</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2020 <strong>2021</strong> +/- 2020 <strong>2021</strong> +/-<br />
New Listings 39 20 -49% 76 55 -28%<br />
Closed Sales 13 28 +115% 37 69 +86%<br />
Median Sales Price $160K $198K +24% $115K $189K +64%<br />
Average Sales Price $190K $219K +15% $161K $225K +40%<br />
Avg. % of Original List Price Received 81% 96% +15% 85% 93% +8%<br />
Average Days on Market Until Sale 256 234 -9% 398 286 -28%<br />
Based on information from the Missoula Organization of REALTORS®, Inc. for the period of 01/01/2020 through 2/28/<strong>2021</strong>.
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