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Residential Inventory levels show a 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 the 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 the graph below.
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Median sales prices have declined slightly in Bozeman and Belgrade while increasing in rural Bozeman. See the 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.
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