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Gallatin County Market Update - August 2015

By
Real Estate Agent with Hart Real Estate Solutions RRE-BRO-LIC-24638

This month, we will compare single-family residence sales in all of Gallatin County for 2013, 2014 and 2015 through the second quarter. Here are a few stats for Gallatin County single-family residences:

  • Total Quarter 1 and 2 sales increased by 9.39% from 2013 to 2014 (554 sold in 2013, 606 sold in 2014)
  • Total Quarter 1 and 2 sales increased by 10.09% from 2014 to 2015 (606 sold in 2014, 667 sold in 2015)
  • Quarter 1 and 2 dollar volume increased by 23.12% from 2013 to 2014 ($198,018,584 in 2013, 243,809,312 in 2014)
  • Quarter 1 and 2 dollar volume increased by 18.74% from 2014 to 2015 (243,809,312 in 2014, 289,510,813 in 2015)
  • Homes stayed on the market 37.62% shorter in 2014 than in 2013 (155.5 days on the market in 2013, 97.5 days on the market in 2014)
  • Homes have been staying on the market 1.54% longer in 2015 (99 days on the market in 2015, 97.5 days on market in 2014)

Summary – Through Quarter 2, numbers suggest the Gallatin County Housing Market is growing and healthy. I want to note that Quarter 2 dollar volume in 2015 ($186,513,135) came very close to the 2013 Quarter 1 and 2 combined volumes ($198,018,584). More homes are being sold at higher prices across the valley. The overall Gallatin County market is very healthy.

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