Bitterroot Valley Residential Market Update
2018 Has flown by with a busy real estate year. We are now starting to see things slow down in November, with 35 homes selling compared to 56 in November 2017. When you look at the Year to Date residential home sales in Ravalli county they are up 9.5% with 564 homes sold. We are seeing about a 7% increase from a year ago on the Median Sales Price, which is great!!
The current number of homes on the market is down slightly by 1.7% from a year ago and the Days on Market for those homes has improved slightly. The average list prices on homes have increased slightly.
Even though it is winter time in the Bitterroot Valley we are continuing to see a strong demand for real estate. If you are thinking of selling now is a great to time to put your home or land on the market, while inventory levels are still low. Give us a call here at Real Living Greater Montana at 406-642-3054 for a Free Comparative Market Analysis and a Customized Market Plan for your property.
Stats pulled December 4, 2018 from Bitterroot Valley Board of REALTORS MLS.