More Good News: Residential Inventory, Sold Units & Sales Prices

Robyn Erlenbush
CRS, GRI, CRB, Broker Owner
Phone: (406) 586-1321
Send me an email

We're happy to report good news! We release market statistic updates and email our Market Watch newsletter monthly. If you would like to receive our monthly Market Watch email, simply visit the home page (http://www.ERALandmark.com) and enter your name and email into the form or contact us. (info@eralandmark.com or 800-788-2372)

Residential Inventory levels show steady decline in Bozeman and Belgrade, moving us toward a healthier and balanced amount of supply vs demand. Although rural Bozeman inventory levels have increased, sales activity has nearly doubled in Area 2 from last year. See graph below.

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Sales units for residential single family properties in Area 1 (inside Bozeman city limits) have increased 42.6% over 2009. Also, in Area 2 (outside Bozeman city limits), the residential sales units have increased by 97% and in Belgrade we see an increase of 23.7%. See graph below.

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Median sales prices have declined slightly in Bozeman and Belgrade, while increasing in rural Bozeman. See graph below.

*Data collected from all members of Southwestern Montana MLS.

Feel free to contact us if you would like more specific information or a free comparative market analysis for your home.