I've been keeping an eye on sales volume and trends in the Missoula MLS and I wanted to quickly share some numbers that have stood out to me. In particular April, which was a huge month for our area. This is not just sales in the Missoula valley but within our entire MLS. What we're seeing so far is continued market volume recovery. The most recent numbers that I've pulled show our reported amount of sales in the MLS puts the greater area at higher volume than this time in 2008 and just under the pace of this time in 2007. At this point in 2008 the market was changing but the local bubble had not yet burst and we were coming off our two peak years of 2006 and 2007.
The amount of sales activity is very encouraging. We saw this April almost did the same amount of volume in the entire MLS as we had in 2007.
2013's number of 201 reported residential sales in all of our MLS fell just 6 short of what was reported back in 2007!
I took a look as well at the total market from 1/1 to 4/30 starting in 2007 and moving forward.
Wondering about that 2010 spike? That's the bounce effects of the first time and move-up buyer tax credit. As you can see our market volume was on a big slide but the tax credit bounced it back and then 11, 12, and 13 have allowed for slow and steady recovery.