WHAT'S HAPPENING IN THE MISSOULA MARKET


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 December

Year # of Sales Median Price Avg Days on Market
2011 57 $202,500

135

2010

56

$212,000 148
2009 50 $180,200

123

2008 33 $217,000 117
2007 67 $217,000 126
2006 69 $191,327 138

 

Missoula Urban Area YTD Jan 1 to Dec 31, 2011

Year # of Sales Median Price Avg Days on Market
2011 773 $205,500 127
2010 830 $201,240 122
2009 913 $208,000 126
2008 901 $215,000 117
2007 1245 $216,900 115
2006 1443 $204,000 110

 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.

 

 


 

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

Missoula County - Month of December

Year # of Sales Median Price Avg Days on Market
2011 72 $199,500 144
2010 77 $200,000 171
2009 58 $183,700 133
2008 49 $211,000 142
2007 91 $226,000 143
2006 89 $199,500

135

 

 

Missoula County - YTD - Jan 1 to Dec 31, 2011

Year # of Sales Median Price Avg Days on Market
2011

989

$205,000 138
2010 1017 $202,500 131
2009 1138 $209,000 135
2008 1112 $217,000 123
2007 1562 $220,000 121
2006 1811 $209,900 114

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.

 

 


 

Number of Active Listings: Jan 5, 2012 

   Residential  *Condos  Town-  homes Res. with Acreage Multi-Family  Land   Commercial 
 Missoula Urban Area 484

   74

       28 54 52 427 120

Missoula County

596   79        30 220 56 837 87
Central / North Ravalli County 81     5        n/a 229 4 247 47
Mineral & Sanders Counties 100   5        n/a 160 n/a 439 26
Granite, Powell & Deerlodge Counties 75   n/a        n/a 39 n/a 213 30

 

Active listings indicate the number of properties from which buyers can choose.  An increase/decrease in the number of listings indicates seller activity and may affect buyer choices. 
*Condo includes both Condos and Townhomes unless the agent manually moved Townhomes to its own type

Other market material of interest.

Missoula Real Estate: The Good, the Bad and the Ugly
Is the Missoula housing market in a slump, or is it holding up well compared to the rest of the nation?
  NewWest.net, 7-14-09, Travis Koch

December 18th, 2008 Economic Update Presentation, Dr. Larry Swanson of the O'Connor Center for the Rocky Mountain West



Market information is provided as a public service by the Missoula Organization of REALTORS® based on statistics generated through the MOR Regional Multiple Listing Service. This information is not based on all real estate activity and is intended to indicate general trends only and should not be used to determine what to expect in any specific neighborhood or community. Contact a REALTOR® for more specific and detailed market analysis.