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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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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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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The slow down in median sales price appreciation and the decrease of sold units that we began to feel late last spring (and that continued throughout the remainder of 2022 and 2023), has finally started to show up in our data. Quarter 1 2022 was the last quarter that we experienced the intense market pressure …
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It seems that every news outlet is currently reporting on the fact that interest rates for home loans have gone up. And with a rise in interest rates the real estate market has slowed. But exactly how has it slowed Q4 2022 vs Q4 2021? According to our analytics, the huge median sales price appreciation experienced during the pandemic (2020-2021) years has not fallen. However, …
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To view in depth graphs please visit the Market Statistics Page. It seems that every news outlet is currently reporting on the fact that interest rates for home loanshave gone up. And with a rise in interest rates the real estate market has slowed. But exactly how has it slowed? Let’s dive in a bit …
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Single Family By the numbers, Q2 2022 continues to look very strong in median sales price appreciation and lower days on market. However, there has been a significant jump in available inventory since January 2022. This jump is likely partially fueled by sellers not wanting to miss out on the market and buyer hesitation fueled …
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Single Family Year over year Q1 2022 single family home median sales prices continued to leap from Q1 2021 in all areas of the market. City of Bozeman median sales price accelerated by the smallest margin at 19%. Big Sky jumped 32%. Belgrade jumped 49%. Greater Bozeman area jumped 68% and Livingston jumped $46% for …
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For a graphical chart version of this information, please visit our Market Stats page. Single Family Single family home sales were robust during Quarter 1 2021. In comparing this quarter to 2020, it is important to note that Q1 2020 was not yet considered ‘pandemic’ affected. 2020 had started off as one of the strongest …
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During this unprecedented time in our world, we’d like to share some of our thoughts, opinions and a little Q&A on how we think the COVID-19 crisis has affected real estate in the SW Montana including Bozeman, Belgrade, Big Sky, Livingston, Manhattan and greater Gallatin, Madison and Park Counties. We will be updating this page …
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