Three Forks Montana Market Report

November 16, 2011

Three Forks Montana Market Report

Three Forks, Montana Real Estate 3^rd Quarter Market update

The following graphs should help you understand where the market in Three Forks is for the 3^rd quarter of 2011.

Market for Single Family Homes in Three Forks, MT

Three Forks is has a second quarter anomaly with one unique sale that skews the graph. In looking at just the 1^stand 3^rd quarters you can get a fairly decent idea of the market. There is considerably more negotiating power in Three Forks, it is a smaller community and jobs are limited unless you choose to drive for employment.

Real Estate Inventory for Three Forks, MT

This graph is an indication of our inventory, how well it is moving, and how long it might take to get your home sold. We refer to this as the Absorption Rate. Homes in Three Forks do generally have a longer market time due to the limited number of buyers looking at the area. Plan accordingly and check your price carefully if you want your home to move more quickly.

Average Asking Price to Actual Sold Price

The last chart I would like to share with you is the average asking price to sold price. As you can see, if you own a home in Three Forks, when a buyer does make an offer, they have a little better driving force and can negotiate a bit more firmly than one of the bedroom communities closer to Bozeman.

If you have further questions about Three Forks homes for sale, or would like to search the homes for sale in Three Forks Montana, please don't hesitate to call or email! We are your expert local real estate broker.