Taunya Fagan's Bozeman Real Estate Report November 2013 Week 4

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Real Estate Agent with Taunya Fagan Bozeman Montana Real Estate 15157

 

In the last few weeks, the Bozeman real estate market has been at a stasis point in terms of sales to inventory. However, prices continue to decline. Supply levels indicate we are in a Seller's market. The downward Bozeman homes sales pricing pressure will be light or variable.

 

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

Bozeman Real Estate Report Market Updates indicates inventory has been tightening and days-on-market increasing recently.

The Market Action Index has been basically flat, not providing strong indication for market conditions.

Bozeman Housing Report Week 4 November 2013Bozeman's home market continues at a stasis point regarding sales to inventory, as more Bozeman homes become available and consumer demand for houses declines.Bozeman home prices seem to continue to fall a bit.

However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

As noted in previous weeks, this portion of our southwest Montana Real Estate market has been on a downward trend and this week, while again remaining flat, doesn't break us out of that cycle.

Median list price, homes for sale in Bozeman, Montana this week is $389,00


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Comments (1)

Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Good report for the folks to get all the right information thanks 

Dec 11, 2013 01:59 PM

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