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 …
Read this post »
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 …
Read this post »
Single Family The slowdown in median sales price appreciation in Southwest Montana for Single Family homes that we have observed since late 2022 spring and that continued throughout the remainder of 2022 and start of 2023 continues to dominate the data. However, there are some very interesting data points worth highlighting. The number of homes …
Read this post »
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 …
Read this post »
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 …
Read this post »
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 …
Read this post »
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 …
Read this post »
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 …
Read this post »
For a graphical chart version of this information, please visit our Market Stats page. Single Family Single Family homes sales in Q3 2021 have skyrocketed over Q3 2020. Q3 2020 is when much of the recovery from the Pandemic induced flattening of the market in Q2 2020 and there was a healthy jump over Q3 …
Read this post »
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 …
Read this post »
406.924.9559
