Bozeman Real Estate Market Updates indicates inventory has been decreasing lately but the Market Action Index is falling also.
With days-on-market climbing, these are relatively negative implications for the Bozeman real estate market.
If more Bozeman homes become available and consumer demand for houses declines, Bozeman home prices may to continue to fall a bit.
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit.
Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
As noted in previous weeks, this portion of our southwest Montana Real Estate market The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Median list price, homes for sale in Bozeman, Montana this week is $379,900
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