Bozeman Montana Market Update

Bozeman Montana Market Update    

The below graphs show some marked improvements for our real estate market locally! The number of homes sold in the second quarter have nearly doubled, and the sales prices are creeping upward. This coupled with the phenomenal interest rates makes this an opportune time to consider your new home purchase. August, the first month of the third quarter, sets precedent for an outstanding third quarter! This month alone we have sold 67 homes with only 79 average days on the market. 

If you are considering placing your home on the market, this is one of the best climates in the last 2 years to do so. And, if you are considering a purchase, it might be the perfect storm. Call our office for help with either and let us help you make the best decisions you can for your personal situation.

Homes on less than 1 acre	1st Qt	2nd Qt
# of Homes Sold	98	188
Days on the Market	126	82
% of Asking Price	96%	97%
Average Sales Price	$212,136	$215,913

Homes on 1+ acres	1st Qt	2nd Qt
# of Homes Sold	27	32
Days on the Market	179	106
% of Asking Price	92%	96%
Average Sales Price	$464,511	$383,500