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A good August for the nation, not so much for Missoula - 09/23/10 01:22 PM
So I was reading this CNN/Money article today: http://money.cnn.com/2010/09/23/news/economy/existing_home_sales/index.htm?hpt=T2 It talks about how existing sales rebounded in August, up from a big slide in July. I thought I’d check it compared to Missoula and unfortunately the news isn’t the prettiest. So lets look at the basic news nationally, we’ve got 11.6 months of listed inventory, sales came up 7.6% in August compared to July, and the August median sales price nationally was $178,600. Now, look at Missoula’s August: 52 sales, median sales price of $195,300, and about a 16.8 month supply of inventory overall. Furthermore there were 82 sales in July
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The latest news from the Missoula Organization of Realtors - 09/08/10 12:16 AM
I just typed up a report for the Montana Association of REALTORS(R) yearly end of business meetings, it's all relevant stuff about what's been going on here and so I thought I'd share it here! Message as follows: Residential market, urban Missoula area: YTD sales: 595, which is almost exactly on point to where it was last year at this time which was 597 sold homes. The difference is that the current YTD median sales price for this year is $199,900 while at this same point last year it was $214,000. This reduction in the median sales price, 6.6%
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Brint Wahlberg
Missoula,
MT
More about me
Windermere Real Estate
Address: 2800 S. Reserve Street, Missoula, MT, 59801
Office Phone: (406) 541-6550 x 242
Cell Phone: (406) 529-4663
Email Me
Mainly Real Estate-based discussion about whatever floats into my head.
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