Taunya Fagan Bozeman Real Estate Market Report Week 3 April 2013

Reblogger
Real Estate Agent with Taunya Fagan Bozeman Montana Real Estate 15157

Great source for weekly Montana real estate market reports with data about sales, prices, and inventory of Bozeman homes for sale, new construction in Bozeman, and the overall housing trend in southwest Montana's major city.

Original content by Taunya Fagan Bozeman Real Estate RRE-BRO-LIC-61433

In terms of supply and demand, the Bozeman real estate market is heating up and because more supply is coming on the market relative to the sales demand it appears to be cooling, but buyers are out!

In recent weeks Bozeman home prices have been increasing. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

While this week Bozeman Montana median home prices didn't fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the Bozeman homes price strength subsiding.

The Market Action Index answers the question "How's the Market?" by measuring the current rate of Bozeman sales versus the amount of the homes inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the Buyer.

(Click image for larger view)

Bozeman Real Estate Report Bozeman Home Sales Market Week 3 April 2013

Montana Listings and Much More...  Taunya Fagan, giving you the advantage...®  Experience...Priceless
 
Dynamic, Proactive, Tireless...   Call - Text 406.579.9683   taunya at taunyafagan.com

Bozeman Homes For Sale Bozeman Homes Taunya Fagan Montana Real Estate Taunya Fagan LinkedIn Bozeman Luxury Real Estate Bozeman Real Estate Blog Taunya Fagan Real Estate Youtube

Taunya Fagan Prudential Montana Real Estate Banner

Comments (3)

Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

Great news!  I hope it lasts.  I have a friend out there who has been trying to sell for a long time, without success.

Apr 20, 2013 01:36 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I agree with the analysis.  I also know we are increasing in value each month.

Apr 20, 2013 01:41 AM
Brett Fagan Bozeman Montana Real Estate
Taunya Fagan Bozeman Montana Real Estate - Bozeman, MT
Boutique Luxury @ ESTATE House, Bozeman, Montana

Thanks for taking the time to review and comment Dee and Mark!

Apr 20, 2013 02:34 AM