Bozeman Montana Real Estate Market Update Week 1 May 2013 Taunya Fagan

Real Estate Agent with Taunya Fagan Bozeman Montana Real Estate 15157

Gallatin County Montana Real Estate Market Report First Quarter 2013:

Current Active Single Family Gallatin County Montana Homes:

Active Listings 600
Average Price $875,759
Median Price $499,000
Days On Market (DOM) 207

Current Pending Single Family Gallatin County Montana Homes:

Pending Home Sales 196
Average Price $387,414
Median Price $285,000
Days On Market (DOM) 99

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

Bozeman Homes demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more Bozeman, Montana properties come available, these are positive trends for the SW Montana real estate market.

Bozeman Real Estate Market Report Week 1 2013Sales of Bozeman homes have been exceeding new inventory for several weeks. While still a Buyer's market, Bozeman home 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.

Average Days On Market (DOM): 147 = DOWN

Median Home Size: 2950± sf

Percent of Market With Price Reduction: 53%

Average Price/Square Foot: $163/sf

While the Week 1, May 2013 real estate report indicates the median Bozeman home price didn't fluctuate much, we are relatively close to the Bozeman market's price high-point. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.

The median list price for homes for sale in BOZEMAN, MT this week is $509,000.

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