Missoula Organization of REALTORS®



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 July**
Year	# of Sales	Median Price	Avg Days on Market
2010	80	$222,500	125
2009	107	$220,000	115
2008	110	$235,190	107
2007	141	$222,500	97
2006	145	$212,000	84
2005	148	$184,675	98

**Missoula Urban Area YTD Jan 1 to July 31, 2010**
Year	# of Sales	Median Price	Avg Days on Market
2010	532	$199,900	122
2009	488	$215,000	126
2008	577	$218,000	116
2007	733	$215,000	120
2006	860	$205,000	105
2005	770	$186,000	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 July**
Year	# of Sales	Median Price	Avg Days on Market
2010	93	$220,475	134
2009	128	$211,500	114
2008	131	$225,500	115
2007	179	$222,500	110
2006	174	$213,250	86
2005	196	$190,000	109

**Missoula County - YTD - Jan 1 to July 31, 2010**
Year	# of Sales	Median Price	Avg Days on Market
2010	625	$199,900	128
2009	607	$215,000	134
2008	706	$220,000	123
2007	929	$220,000	125
2006	1087	$209,900	113
2005	1011	$190,000	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: August 5,2010**
	Residential	*Condos	Town- homes	Res. with Acreage	Multi-Family	Land	Commercial
Missoula Urban Area	833	169	33	92	66	460	121
Missoula County	1019	172	33	394	70	974	158
Central / North Ravalli County	109	5	n/a	294	9	293	48
Mineral & Sanders Counties	142	4	n/a	203	5	485	33
Granite, Powell & Deerlodge Counties	84	n/a	n/a	45	3	201	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.
*Condo includes both Condos and Townhomes unless the agent manually moved Townhomes to its own type

Other market material of interest.

Housing Development Cost Overview Power Point Slide 2007

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.