February 2021 - Ravalli County - Residential
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Ravalli</strong> <strong>County</strong> Monthly Market Update<br />
RESIDENTIAL<br />
• The average number of Days on Market is 0% in<br />
<strong>February</strong> and is up 2% year to date.<br />
• New Listings are up 18%<br />
• Closed Sales are up 100%<br />
• The Average Sales Price is up 94% in <strong>February</strong> and up<br />
46% year to date<br />
• 98% 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>Residential</strong><br />
+18% +100% +94%<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 61 72 +18% 143 122 -15%<br />
Closed Sales 25 50 +100% 75 114 +52%<br />
Median Sales Price $296K $447K +51% $296K $460K +55%<br />
Average Sales Price $345K $669K +94% $425K $619K +46%<br />
Avg. % of Original List Price Received 96% 98% +2% 95% 97% +2%<br />
Average Days on Market Until Sale 203 204 0% 193 196 +2%<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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