Missoula County 2014 Year End Market Stats

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Despite 2014 being my personal best year in real estate, residential sales fell just short (5% less) of 2013’s total for Missoula county.  Local industry professionals believe 2014 would have outperformed 2013 in # of sales if it were not for the extreme weather conditions we experienced in the 1st Quarter. The snow storms and cold weather put sales behind right out of the gate and we never did catch up. With that said it wasn’t a big decline and the average sales price actually increased by 4 % as well. The good news for sellers is that low listing inventory levels (4% less than 2013) make it a good time to sell, while low interest rates continue to keep purchases favorable for buyers.

The following market report is a year to year comparison for single family, condo’s/townhomes, land and commercial real estate in Missoula County:

Missoula County Market Report_2013-2014 Update

Jeremy Schultz
Broker/Branch Manager
ERA Lambros Real Estate, REALTOR®
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