Missoula Montana Real Estate Market Report June 2009
The Missoula MT real estate market was not hit as hard as many parts of the country. Earlier in the year, we were still seeing an increase in our median home price, although there were fewer sales. We are now starting to see a dip in prices, fewer sales and longer days on market.
In dealing with other agents in and around Missoula, the sense is still optimistic and many feel like we are starting to see an upswing. Price and condition are always important but become critical in this market. Buyers are looking for the best value in their price range and have many options.
Residential Market Activity in the Missoula Urban Area
(residential, AND residential with acreage)
| Year | # of Sales | Median Price | Avg Days on Market |
| 2009 | 102 | $ 212,000 | 128 |
| 2008 | 111 | $222,500 | 117 |
| 2007 | 152 | $224,950 | 109 |
| 2006 | 202 | $219,950 | 97 |
| 2005 | 166 | $204,400 | 110 |
| 2004 | 146 | $194,500 | 93 |
Market information solely from listings entered into the MOR Regional Multiple Listing Service. Therefore, figures may not reflect all real estate activity in the market.
| Residential | Condos / Townhomes | Res. with Acreage | Multi-Family | Land | Commercial | |
| Missoula Urban Area | 863 | 262 | 87 | 76 | 471 | 131 |
|
Missoula County |
1030 | 276 | 338 | 79 | 1,049 | 178 |
| Central / North Ravalli County | 112 | 10 | 303 | 15 | 278 | 46 |
| Mineral & Sanders Counties | 117 | n/a | 189 | 13 | 498 | 42 |
| Granite, Powell & Deerlodge Counties | 76 | n/a | 50 | n/a | 264 | 27 |
Active listings indicate the number of properties from which buyers can choose. An increase/decrease in the number of listings indicates seller activity and may affect buyer choices.
Data Source: Missoula Organization of Realtors(R)
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