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
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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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