What’s the latest news from our market this October?
Overall, our market remains strong right now. We had a little bit of a slowdown in the beginning of October, but that’s part of the cyclical nature of things.
In Missoula right now, there are 373 active listings and 224 homes under contract. The average sale price is $256,000. Year to date, 1,145 homes have sold, which is right in line with where the market was last year. Inventory has been very limited, though. Last year, there were 1,292 total properties sold.
In the last few weeks, there’s been a huge influx of homes in the $180,000 and $250,000 range. A lot of those homes went under contract right away. If you have a home in this price range you’ve thought about selling, now would be a great time to put it on the market to maximize your profits.
"Our market remains strong right now."
In Frenchtown and Huson, there are only 32 active listings, which is a very low level of inventory. If you’re a home seller in those areas, now’s an amazing time to hit the market. There are also 13 homes under contract, and only 61 closings year to date.
In Lolo, there are 33 active listings, 23 homes under contract, and 91 closings year to date.
In Florence, there are 40 active listings, 18 homes under contract, and 68 closings year to date. The average sale price here is $298,000. This area needs inventory, so if you’re a seller in this area, list now.
In Stevensville, there are 110 active listings, 28 homes under contract, and 143 closing year to date. Since inventory is higher in this area, sellers might have to get a little more aggressive.
In Corvallis, there are 49 active listings, 12 homes under contract, and 64 closings year to date. The average sale price in that area is $260,000.
In Hamilton, there are 145 active listings, 38 homes under contract, and 167 closings year to date. The average sale price is $245,000.
That’s all for our October recap! As you can see, now is an opportune time to list your home in many areas. If you have any more questions about our market or you’re thinking about buying or selling a home, don’t hesitate to reach out to us. We’d be glad to help you.