Gallatin Realtors Release Real Estate Statistics For August 2019

September 19, 2019








Syndicated by:  Montana News
BOZEMAN, MT – Median sale prices increased, and the inventory of single-family homes tightened in August, according to statistics released today by the Gallatin Association of REALTORS® (GAR).
“The median sales price continues to rise on single family homes,” said GAR CEO Steve Candler. “Days on market for both single family homes and condos/townhouses have decreased, indicating demand is high. As summer winds down, the market continues to be strong.”

Single Family Market – Gallatin County – August 2019
The number of new single-family listings increased slightly compared to August of 2018, rising from 201 to 203, a 1% increase. Pending sales increased 7.6%, going from 145 to 156, and the number of closed sales also rose from 180 to 181, a 0.6% increase. The median sales price increased 7.9%, from $431,250 to $465,500. The average number of days a home spent on the market decreased 16.7%, from 54 to 45. The inventory of available homes decreased 13.9% compared to last year, dropping from 575 to 495, and the months supply of inventory fell 15.9%, from 4.4 to 3.7.  Sellers received 98.2% of their list price in August, a slight increase from 98.0% last year.

Condo/Townhouse Market – Gallatin County – August 2019
Median sale prices in the condo/townhouse market decreased 4.4%, from $292,900 to $279.950. Sellers received 98.5% of their listing price last month, the same as last year. The number of new listings increased 11.5%, from 87 to 97. Pending sales fell 8.8% from 80 to 73, while closed sales increased 5.7% from 87 to 92. The average number of days on market was down 17.1%, from 41 last year to 34 last month. The inventory of available homes in the condo/townhouse sector increased 37.1% compared to last August, rising from 205 to 281, while the months supply of inventory rose 38.7%, from 3.1 to 4.3.




Please reload

Featured Posts

Billings Police Ratings

December 27, 2019

Please reload

Recent Posts

March 31, 2020

Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Classic
  • Twitter Classic