Bozeman Montana Area Housing Market Update - October 2015

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

This month, we will compare single-family home sales in the Bozeman area for the first three quarters of 2015. Third Quarter sales are through August 2015 and have been projected for the month of September. Here are a few stats for Bozeman area single-family residences:

  • From Quarter 1 to Quarter 2, total home sales increased by 67.82% (174 sold in Quarter 1, 292 sold in Quarter 2)
  • From Quarter 2 to Quarter 3, total home sales are projected to increase by 13.01% (292 sold in Quarter 2, 220 through August, projected to 330)
  • From Quarter 1 to Quarter 3, total home sales are projected to increase by 89.66%
  • From Quarter 1 to Quarter 2, dollar volume increased by 87.20% ($71,215,358 in Quarter 1, $133,314,567 in Quarter 2)
  • From Quarter 2 to Quarter 3, dollar volume is projected to increase by 11.63% ($133,314,567 in Quarter 2, $99,209,700 through August, projected to $148,814,550)
  • From Quarter 1 to Quarter 3, dollar volume is projected to increase by 108.96%
  • From Quarter 1 to Quarter 2, homes spent 5.26% longer time on the market (95 DOM in Quarter 1, 100 DOM in Quarter 2)
  • From Quarter 2 to Quarter 3, homes spent 41.00% shorter time on the market (100 DOM in Quarter 2, 59 DOM through August in Quarter 3)
  • From Quarter 1 to Quarter 3 homes spent 33.89% shorter time on the market.

Summary – Sales and dollar volume continue to grow, suggesting the housing market is deepening while still allowing home values to rise. Single-family residences have been going quick in the third quarter of 2015, suggesting more buyers are jumping into the market. Overall, the market appears to be healthy and growing.

 

Comments (2)

Gilbert Real Estate Experts: Colby & Michele Myers
Darcam Real Estate & Investments, LLC. - Gilbert, AZ

I like to see how different agents structure these stat reports and see what sort of information they add.  Thanks for posting, very well done.

Oct 08, 2015 02:46 AM
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Tim Hart By the looks of your market report for Bozeman, you will be extremely busy for the balance of the year. Great report!

Oct 08, 2015 05:50 AM