News from the Knoff Group

Q2 2024 Y/Y Real Estate Market Analysis & Statistics

The real estate market in the greater Bozeman, Big Sky, and Livingston areas remained steady in Q2 2024 year over year – though inventory has been building across all areas and sectors. Single Family Single family median sales prices remained relatively steady overall in Q2 2024 as compared to previous years as inventory is growing …

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A hub for adventurers | Explore Big Sky

Bozeman Yellowstone International Airport continues to grow to accommodate the influx of visitors and also the worldly nature of the people that call this place home. A hub for adventurers Explore Big Sky – by Mira Brody – March 22, 2024 Behind the scenes of the bustling first floor of the Bozeman Yellowstone International Airport—which …

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cover for market stats Q1 2024

Q1 2024 Y/Y Real Estate Market Analysis & Statistics

The real estate market in SW Montana remains resilient even amidst the headwinds of higher interest rates and continued low inventory. Buyers continue to actively pursue properties – with increased days on market and price negotiations have become more common.  The market has balanced these forces and median sales price remains relatively stable. There are …

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2023 Year Over Year Real Estate Market Analysis & Statistics

2023 posted the least amount of volume and number of units sold in the past three years – however there was perhaps less of a marked shift in the market when comparing year over year than comparing by quarter. Higher than recent historic interest rates in combination with sellers not wanting to part with their …

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Q4 2023 Y/Y Real Estate Market Analysis & Statistics

Quarter 4 2023 found the SW Montana real estate market in a continued ‘leveling’ trend. The market felt as though it were stagnating at times – however, inventory remains scarce and while buyers are moving slower to offer – there has been a recent uptick in multiple offer situations. Competition still exists for quality, well …

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Record-setting year for Bozeman’s airport | Explore Big Sky

Bozeman’s airport continues shattering records year after year Record-setting year for Bozeman’s airport January 19, 2024 By Jen Clancey Explore Big Sky Bozeman Yellowstone International Airport had a record-setting year, according to a Jan. 17 press release. In 2023, BZN moved 2,464,325 passengers, an 8.8% increase over 2022.According to the release, July was the busiest …

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Montana Free Press: Montana counties, governor spar over property tax

Both Gallatin and Park Counties have now challenged the state and set the mills at the 77.9 mills rate. Montana counties, governor spar over property tax that funds schools. The Montana Association of Counties has argued Gov. Greg Gianforte should have scaled back a fixed-rate property tax that equalizes school funding between rich and poor …

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cover for q3 2023 statistics

Q3 2023 Y/Y Real Estate Market Analysis & Statistics

Quarter 3 2023 was quite interesting from a numbers vs general market feel perspective – the market has felt like it has been moving at a slower pace but sales were steady – slightly below the volume of 2022 but not by much. Interest rates are having an impact on volume – especially in the …

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Montana Association of Realtors Statement on Property Tax Appraisals 2023

The property value appraisal notices have come as a shock to many property owners throughout our area – this below statement from the Montana Association of REALTORS® has been a very helpful piece for multiple clients in helping with understanding how the process works and what the actual ramifications are of dramatically increased tax basis …

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