Overall trends – Quarter 3 2018 as compared to previous year.
Higher median sales price – increases between 9-20+%
Fewer properties selling for more money
Days on market are up as prices climb
City of Bozeman $442K!, Outside city limits $575K, Belgrade $322K, Manhattan $392K, Big Sky $1.5M Livingston $275K.
Sales volume is showing fewer property sales
Exception is City of Bozeman – # properties sold is up 13%
Highest competition outside of Bozeman city limits – more properties selling in this catetory – most affordable product. Seeing appreciation in some areas topping 30% year over year. Has cooled slightly in Bozeman.
Days on market up across board
Median sales price is up between 20-55%. Exception Big Sky which has dropped slightly.
More properties have sold towards the bottom of the market – less affordable land options now.