2018 Real Estate Market Review
Posted by ERA Landmark Real Estate on
Another busy and productive year has passed in the Southwest Montana real estate market, so it is time to crunch numbers and reflect on what truly transpired. This summary compares 2018 to 2017 sales and inventory information using the Big Sky Country Multiple Listing Service (BSCMLS) reported data as the source. Within the city limits of Bozeman, single family home sales increased by 8%. There were 610 single family homes sold in 2018, compared to 565 in 2017. The average sales price for these single family homes showed nice growth with a 12% increase to $478,739 in 2018 from $425,988 in 2017 and $401,866 in 2016. The median sales price was $427,500 for single family homes, also up 12% from $381,500 in 2017. At the end of 2018, there were 101 active…
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