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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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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There was decent – i.e. more NORMAL (i.e. pre 2020 level) – price appreciation for 2022 year over year in most locations and for product that we track in southwestern Montana. An exception to this were areas and products that tend to harbor more entry level pricing. Our analytics point out that the core appreciation experienced …
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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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This isn’t shocking considering what has been happening in our market and the pressure on our area for housing. Bozeman saw big population gains over first pandemic year By Juliana Sukut Chronicle Staff Writer 3/24/2022 Kalispell and Bozeman saw some of the biggest population gains, driven by an influx of people moving in, from 2020 …
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Knoff Group attended the BBER Economic Seminar this past week and this discussion was prevalent. Is it an affordable housing issue or an issue with wages in Montana. Is it time for employers to start paying talent what they’d get in other markets – especially in high tech? Or is it the responsibility of municipalities …
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Overall trends – Quarter 3 2018 as compared to previous year. Single Family 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 …
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As we near the heart of winter, let’s take a look back at the key real estate market metrics and statistics for the Bozeman, Belgrade, Big Sky and surrounding market for Quarter 4 2016. Key Metrics – Year over Year Comparison Quarter 4 2016 Southwest Montana Real Estate The Quarter 4 2016 real estate market …
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Hot off the presses! Please enjoy this compilation of market metrics for the Bozeman, Bozeman Area, Belgrade, Manhattan, Three Forks, Livingston and Big Sky areas of Southwestern Montana, focusing on single family homes, condo/townhomes and land sales. Quarter 3 2016 statistics are compared against those from 2015 and 2014. Click on image above for YouTube …
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