Bozeman Real Estate Market Report Week 1 October 2013
Though not ALL sales have been reported for determining specific totals "to date," I will say that over 560 Residential Bozeman Homes and 250 Bozeman Condos and Townhomes have been sold in 2013.
Bozeman Real Estate, Homes and Properties' inventory has been decreasing lately but the Market Action Index is falling as well. With days-on-market climbing, these are relatively negative implications for the market.
BOZEMAN MONTANA HOMES' SUPPLY AND DEMAND: The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
BOZEMAN REAL ESTATE PRICES: Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.The median list price in BOZEMAN, Montana this week is $388,700.
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