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 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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View illustrated charts and graphs at https://knoffgroup.com/market-stats/ Single Family Homes Single family home sales have seen marked price appreciation between Q2 2019 to Q2 2020. The majority of this appreciation was in the pre-COVID-19 period, with a robust 2019 and early 2020 push and then a drop to end of 2019 values. However, this appreciation …
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Prior to mid-March 2020, the southwestern Montana real estate market was cruising. Year over year quarter 1 median sales prices were up, listings sold for the most part were up, days on market for the most part were down. We’re tracking the market now on a weekly basis – once we have some stats to …
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