Missoula Land Market Update - May 2018

eralambros

ERA LAMBROS LOCAL MARKET UPDATE

ERA Lambros

Missoula County Monthly Market Update

LAND


The average number of Days on Market is down 31% in

May and down 18% year to date.

New Listings are down 25%

Closed Sales are up 68%



The Average Sales Price is down 20% and up 1% year to

date

96% of the Original Listing Price is received at closing

3011 American Way Missoula, MT 59808

Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330

WWW.ERALAMBROS.COM


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Local Market Update | May 2018

Missoula

County

Land

-25% +68% -20%

Change in

New Listings

Change in

Closed Sales

Change in

Average Sales

Price

May

Year to Date

2017 2018 +/- 2017 2018 +/-

New Listings 71 53 -25% 265 241 -9%

Closed Sales 19 32 +68% 60 121 +102%

Median Sales Price $80K $90K +13% $80K $90K +13%

Average Sales Price $127K $101K -20% $123K $124K +1%

Avg. % of Original List Price Received 91% 96% +5% 100% 91% -9%

Average Days on Market Until Sale 720 500 -31% 623 508 -18%

New Listings

2017 2018

Closed Sales

2017 2018

100

40

80

60

40

20

30

20

10

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

0

Jan Feb Mar Apr May Jun

Jul Aug Sep Oct Nov Dec

Average Sales Price

Average Days on Market

2017 2018

2017 2018

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

1000

800

600

400

200

0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2017 through 05/31/2018.

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