Current Knowledge, Common Vision: Growing a Missoula to Treasure


The Missoula Organization of Realtors® is recognized as a valued partner by those actively involved in the real estate profession as well as those whose decisions affect real estate related issues in Missoula County

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WHAT'S HAPPENING IN THE MISSOULA MARKET


See below for the latest market statistics and commentary based on information 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
2010 36 $216,500

122

2009 36 $236,077 142
2008 55 $214,900 98
2007 68 $189,750 126
2006 76 $192,750 128
2005 69 $179,900 108

 

Missoula Urban Area YTD Jan 1 to Jan 31, 2010

Year # of Sales Median Price Avg Days on Market
2010 36 $216,500 122
2009 36 $236,077 142
2008 55 $214,900  98
2007 68 $189,750 126
2006 76 $192,750 128
2005 69 $179,900 108

 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 January

Year # of Sales Median Price Avg Days on Market
2010 43 $215,000 120
2009 41 $235,000 161
2008 65 $214,900 108
2007 83 $191,815 127
2006 99 $199,950 138
2005 81 $180,000

119

 

Missoula County - YTD - Jan 1 to Jan 31, 2010

Year # of Sales Median Price Avg Days on Market
2010

43

$215,000  120
2009 41 $235,000 161
2008 65 $214,900 108
2007 83 $191,815 127
2006 99 $199,950 138
2005 81 $180,000 119

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: February 5, 2010 

   Residential  Condos / Townhomes Res. with Acreage Multi-Family  Land   Commercial 
 Missoula Urban Area 657 216 74 54 415 126

Missoula County

796 226 287 57 941 172
Central / North Ravalli County 83 6 243 7 271 40
Mineral & Sanders Counties 100 n/a 160 12 407 39
Granite, Powell & Deerlodge Counties 51 n/a 34 n/a 173 26

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. 



 
2009 State of Missoula Housing Report

See how the 2009 housing report compares to previous years. 

 2006 State of Missoula Housing Report

 2007 State of Missoula Housing Report
 
2008 State of Missoula Housing Report
 

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.