market: The Rules - 09/04/13 08:06 AM
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market: Low Inventories Show a Trend - 08/16/13 01:39 AM
Low inventory is a relative term depending on how you're comparing it.  Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area?  In some situations, it's a combination of all of those things.
In any given market, inventories will fluctuate based on area and price range.  The National Association of REALTORS® considers a balanced market to be six months' supply of homes.  If it takes longer than six months to sell, it is thought to be a buyer's market and less than six months, a … (1 comments)

market: The impact of foreclosures this year in Missoula - 03/03/12 12:09 AM
I've been keeping a sharp eye on foreclosures in our area and how they're impacting our overall market.  This year it is projected that the biggest wave of the shadow inventory will start to hit the market as the "robo-signing" delays in the release of foreclosed properties is now behind us.  From my earlier posts this year my concerns are that 2012 will have a negative effect on the median home values, and the large cause could be foreclosures coming up for sale.  I'll explore more into the median home value impact at the end of the 1st quarter when I've got … (1 comments)

market: Missoula's continuing its strong start to the year, but... - 02/24/12 12:48 AM
Volume in Missoula continues to do well, today is Februrary 24th (77 residential sales in the Missoula Valley YTD / 177 total sales in the MLS YTD).  Missoula as well as the entire MLS have not out-paced our quicker start in volume of sales since 2008... that's right pre "bubble" considering it was the start of 2008.  I went back and looked at volume of 1/1 - 2/24 going all the way back to 2003, you can see the "ramp-up" and the cool down, and now the slow and steady volume recovery.  I'm very encouraged to see that volume is continuing … (0 comments)