supply: Missoula's 1st half sales volume in 2014
- 07/17/14 08:04 AM
It's just beyond halftime in Missoula's real estate market. I wanted to get a quick summary together to take a look at the first 6 months of real estate data in our area so we can look at how things have fared in Missoula, and where it's headed.
Overall the first half has seen a slower pace of sales than the year before. So should we panic? No, I don't think so. The first six months of 2014 had 449 total residential sales, down 76 total sales compared to the 1st half of 2013 which had 525 sales. That's a … (18 comments)
supply: 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)
supply: 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)
It's just beyond halftime in Missoula's real estate market. I wanted to get a quick summary together to take a look at the first 6 months of real estate data in our area so we can look at how things have fared in Missoula, and where it's headed.
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