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 April

Year # of Sales Median Price Avg Days on Market
2012 65 $205,500

124

2011

50

$205,500 125
2010 91 $184,000

127

2009 64 $209,690 118
2008 91 $202,000 126
2007 104 $209,555 145

 

Missoula Urban Area YTD Jan 1 to April 30, 2012

Year # of Sales Median Price Avg Days on Market
2012 220 $198,750 138
2011 191 $205,000 141
2010 239 $195,000 128
2009 199 $223,000 133
2008 268 $208,200 121
2007 319 $206,000 134

 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 April

Year # of Sales Median Price Avg Days on Market
2012 80 $209,690 138
2011 62 $199,500 134
2010 111 $184,000 134
2009 76 $213,690 126
2008 113 $214,900 135
2007 125 $215,000

145

 

 

Missoula County - YTD - Jan 1 to April 30, 2012

Year # of Sales Median Price Avg Days on Market
2012

286

$196,600 149
2011 240 $197,850 144
2010 288 $195,000 135
2009 243 $224,000 139
2008 337 $215,000 130
2007 402 $215,000 136

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: May 4, 2012 

   Residential  *Condos  Town-  homes Res. with Acreage Multi-Family  Land   Commercial 
 Missoula Urban Area 589

   84

       36 89 53 432 123

Missoula County

723   90        38 304 57 880 154
Central / North Ravalli County 81     6        n/a 245 3 269 51
Mineral & Sanders Counties 105   4        n/a 181 4 436 36
Granite, Powell & Deerlodge Counties 89   n/a        n/a 50 4 227 29

 

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.