Demand for Bozeman real estate measured by the Market Action Index is increasing and days-on-market is trending downward.
If there were to be an increase in the number of Bozeman properties for sale, these would remain positive trends for the Bozeman real estate market.
Bozeman home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling.
Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Week 2, May 2013 indicates a rise in median price, bucking the recent downward trend in Bozeman median home prices. The Market Action Index is a good leading indicator for whether this change establishes a trend.
The median list price in BOZEMAN, MT this week is $514,900.
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