Market Trends February 28, 2014

Market Trends in Missoula

Market Trends

See below for the latest market statistics from the Missoula Organization of REALTORS®
Market information solely from listings entered into the MOR Regional Multiple Listing Service. Therefore, figures may not reflect all real estate activity in the market.

Residential Market Activity in the Missoula Urban Area
(residential, AND residential with acreage)

Missoula Urban Area – Month of January

Year # of Sales Median Price Avg Days on Market
2014 43 $210,000 107
2013 57 $185,000 131
2012 53 $187,500 138
2011 43 $214,000 142
2010 40 $214,450 120
2009 36 $236,077 141

 

Missoula Urban Area YTD Jan 1 to Jan 31, 2014

Year # of Sales Median Price Avg Days on Market
2014 43 $210,000 107
2013 57 $185,000 131
2012 53 $187,500 138
2011 43 $214,000 142
2010 40 $214,450 120
2009 36 $236,077 141

Sales represent properties that have transferred and the transaction has closed. It is the best reliable indicator of what prices the real estate market will bear.
Jan Blue Graph


Residential Market Activity in Missoula County
(residential, AND residential with acreage)

Missoula County – Month of January

Year # of Sales Median Price Avg Days on Market
2014 55 $210,000 139
2013 75 $196,500 135
2012 67 $192,500 143
2011 54 $204,250 139
2010 47 $213,900 119
2009 41 $235,000 160

 

Missoula County – YTD – Jan 1 to Jan 31, 2014

Year # of Sales Median Price Avg Days on Market
2014 55 $210,000 139
2013 75 $196,500 135
2012 67 $192,500 143
2011 54 $204,250 139
2010 47 $213,900 119
2009 41 $235,000 160

Sales for Missoula County provide a more regional picture. However, a county representation is not a reliable indicator of the market in any of the individual and unique communities within the county.
Jan Green Graph


 

 Number of Active Listings: Feb 5, 2014

   Residential  *Condos  Town-  homes Multi-Family  Land   Commercial 
 Missoula Urban Area 345    81       21 24 305 114
MissoulaCounty 564    83       22 29 664 143
Central / North Ravalli County 224     5        3   5 200 58
Mineral & Sanders Counties 203   n/a        n/a  9 419 50
Granite, Powell & Deerlodge Counties 107   n/a        n/a   3 219 20