#1) EVER INCREASING DEMAND
Demand is at an all-time high in Bozeman. If you’ve been thinking of selling your home, there is no better time than now! The number of new residents moving to the area has made Gallatin County one of the fastest growing counties in the nation. Demand for housing in Bozeman priced under $500,000 is strong but the highest demand is for homes in Bozeman under $350,000. If your home is priced right, the buyers will be knocking! Over the last five years, the average sold price of a single family home in Bozeman has increased 45% - going from $313,504 to $453,713. Click here for more Bozeman real estate market statistics.
#2) LESS COMPETITION
Traditionally, the real estate market sees an influx of listings in the early spring and summer. Come fall, the number of new listings hitting the market each week slows down considerably. Which means if you decide to list your home in the fall, there is a lot less inventory for your home to compete with. No need to worry about a dwindling number of buyers in the winter months, Bozeman maintains a strong number of visitors throughout the year thanks to the world class skiing, ice climbing and other winter activities in the area.
#3) LIMITED INVENTORY
Currently in Bozeman, the number of homes listed for sale each month is at its second lowest point of the year, yet the number of homes sold remains steady month over month. A balanced market generally has a 6-month supply of homes for sale. Inventory for single family homes in Bozeman currently has approximately 2 months’ supply, giving the advantage to home sellers. With fewer homes to choose from, buyers are more likely to make their decisions quickly and to submit higher offers.
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