absorption rates: First look at Missoula's 2013 Real Estate stats
- 01/20/14 06:58 AM
While we're already just about 3 weeks into the new year I figured it was as good a time as any to give you all an early look at how the residential real estate market in Missoula turned out. As you'll see in the charts below Missoula has seen continued recovery, which is great. There are some other mixed signals coming out now and some challenges ahead, I'll touch on those in a bit. First off, how did Missoula do in 2013? The quick answer, pretty darn good. Missoula's residential market saw it's sales figures climb back up over 1000 homes … (18 comments)
absorption rates: Missoula area absorption rates - early March
- 03/04/12 11:56 PM
Yesterday was a beautiful day in the valley, highs near 60 degrees and lots of sunshine. In my almost 13 years in the business I've seen that many times when the sun starts shining and it begins to warm up, buyer activity seems to increase as well. With the spring market starting to arrive I thought I'd put together a quick look at the last 30 days absorption rates to see where Missoula's inventory levels are sitting in early March. As a quick refresher, the absorption rate represents the total amount of supply currently listed for sale in our market. I … (0 comments)
absorption rates: Missoula's final absorption rates for 2011
- 12/22/11 05:03 AM
OK from two perspectives, first we'll do a 30 day look-back and then a 6 month look-back for a broad perspective. As always my data comes from the Missoula Organization of Realtors MLS. Additionally I sort our data by the brackets that MOR uses as well. Absorption rates represent how much inventory is currently listed on the market. What I put together is all active listings and then divide that number by the amount of sold properties. On the 30 day look-back I pull all the sold numbers from that 30 day time span. On the 6 month I do the … (0 comments)
absorption rates: With about 2 weeks left in 2011 how's Missoula looking, statistically?
- 12/18/11 10:12 AM
Since I can't look at my Christmas presents early I figured I'd look at Missoula's market summary early to see what's waiting for the upcoming year end report. This year has been a very interesting one and we can finally start measuring actual market recovery now that we're comparing similar markets for most of the 3rd qtr and all of the 4th qtr of this year.
So... lets refresh, for the Missoula market (not including Lolo, Frenchtown, & surrounding areas) 2010: - 830 residential sales - $201,240 median sales price - average of 122 days on market - 46 foreclosure sales making … (1 comments)
absorption rates: Lets Talk Supply
- 07/30/10 07:06 PM
A Blog I read quite often is called The Calculated Risk Blog, in this story: http://www.calculatedriskblog.com/2010/07/existing-homes-double-digit-months-of.html the story I've linked to talks about expected supply of double digits in the months to come regarding re-sale homes. CRB expects supply of existing homes to get into double digits and stay there for a while. Usually when we talk supply 8 months or less is considered a "healthy" market. Based on this blog I thought I'd see how Missoula stacks up. Missoula active listed inventory: 941 Sales to date: 522 Using the CRB math for supply: 941/522 * 7 = 12.62 months so a slightly over-stocked market. That's the total … (3 comments)
While we're already just about 3 weeks into the new year I figured it was as good a time as any to give you all an early look at how the residential real estate market in Missoula turned out. As you'll see in the charts below Missoula has seen continued recovery, which is great. There are some other mixed signals coming out now and some challenges ahead, I'll touch on those in a bit.
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