Bozeman Montana Real Estate Market Update Week 4 April 2013

Real Estate Agent with Taunya Fagan Bozeman Montana Real Estate 15157

Bozeman Real Estate Weekly Market Report: Despite a decline in this week's price trend of Bozeman homes, the overall trend remains upward and has remained positive for several weeks now. More information and a larger data sheet available below or at "The Bozeman Real Estate Report":

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

Bozeman homes inventory and days-on-market are both trending higher. However, the improving Market Action Index implies some increased demand in Bozeman Montana real estate will temper the negative trends.

Bozeman home sales have been exceeding new inventory for several weeks.

Bozeman Real Estate Market Report Week 4 April 2013While still a Buyer's market, Bozeman real estate prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

Despite this week's decline, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of Bozeman MT homes price strength subsiding.

The median list price in BOZEMAN, MT this week is $512,400

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Comments (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Over the long run we see supply and demand control the market.  Watch the prices run up.

Apr 25, 2013 12:58 AM