2. City Overview Single Family Homes in
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
This Week Real-Time Market Profile Trend
The median list price in MISSOULA, Median List Price $ 239,450 ±+
MT this week is $239,450. The 452 Average List Price $ 323,586
properties have been on the market Asking Price Per Square Foot $ 136 ==
for an average of 214 days. Average Days on Market (DoM) 214 ==
Inventory of Properties Listed 452 ≠≠
Most Expensive Listing $ 3,985,000
Inventory has been tightening and Least Expensive Listing $ 45,900
days-on-market increasing recently. Average Age of Listing 30
The Market Action Index has been Percent of Properties with Price Decrease 23 %
basically flat, not providing strong Percent Relisted (reset DOM) n/a
indication for market conditions. Percent Flip (price increased) 2%
Median House Size (sq ft) 1749
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Supply and Demand
Median Number of Bathrooms 2.0
Altos Research Value Statistics
The market has shown some Market Action Index Strong Buyer's 17.2 ±+
evidence of slowing recently. Both The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend
Characteristics per Quartile
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
1.0 - 2.5
Top/First $ 499,000 2999 acres 4.0 3.0 13 113 4 7 274 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 289,900 2249 acre 3.0 2.0 20 113 3 4 231 Upper-middle 25% of properties
6,501 -
Lower/Third $ 210,000 1749 8,000 sqft 3.0 2.0 30 113 7 6 168 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 169,000 1249 6,500 sqft 3.0 2.0 33 113 6 7 184 Least expensive 25% of properties
Page 2 of 31 Monday January 23, 2012
3. Single Family Homes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.
7-day Average 90-day Average
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 31 Monday January 23, 2012
4. Single Family Homes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Price per Square Foot
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
7-day Average 90-day Average
Inventory of Properties Listed for Sale
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average 90-day Average
Page 4 of 31 Monday January 23, 2012
5. Single Family Homes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Market Action Index
The MISSOULA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 17.19. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average Buyers/Sellers Cutoff
Market Action Index per Quartile
Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 31 Monday January 23, 2012
6. Single Family Homes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Days on Market
The properties have been on the market for an average of 214 days. Half of the listings have come newly on the market in the
past 152 or so days.
7-day Average 90-day Average
Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 31 Monday January 23, 2012
8. City Overview Condos & Townhomes in
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
This Week Real-Time Market Profile Trend
The median list price in MISSOULA, Median List Price $ 179,900 ==
MT this week is $179,900. The 119 Average List Price $ 226,840
properties have been on the market Asking Price Per Square Foot $ 139 ==
for an average of 255 days. Average Days on Market (DoM) 255 ==
Inventory of Properties Listed 119 ≠≠
Most Expensive Listing $ 667,500
Inventory has been decreasing lately Least Expensive Listing $ 77,500
but the Market Action Index is falling Average Age of Listing 21
also. With days-on-market climbing, Percent of Properties with Price Decrease 18 %
these are relatively negative Percent Relisted (reset DOM) n/a
implications for the market. Percent Flip (price increased) 0%
Median House Size (sq ft) 1249
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Supply and Demand Altos Research Value Statistics
Inventory levels have been relatively Market Action Index Strong Buyer's 10.9 ≠≠
consistent relative to sales. Despite The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
the fact that there is a relatively implies a seller's advantage. Below 30, conditions give the advantage to the
high amount of available inventory, buyer.
this Buyer's market is still seeing
prices move higher. Given inventory Trend Key: == Strong upward trend ≠≠ Strong downward trend
levels, these price conditions are ±+ No change = Slight upward trend ≠ Slight downward trend
relatively fragile. If the market
cools off further, the price trend is
likely to reverse.
Characteristics per Quartile
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Top/First $ 375,000 2249 3.0 2.2 4 29 0 0 488 Most expensive 25% of properties
Upper/Second $ 210,000 1249 2.0 2.0 18 30 3 0 187 Upper-middle 25% of properties
Lower/Third $ 161,950 1249 2.0 1.8 4 30 0 0 180 Lower-middle 25% of properties
Bottom/Fourth $ 125,750 999 2.0 1.0 10 30 0 2 174 Least expensive 25% of properties
Page 2 of 26 Monday January 23, 2012
9. Condos & Townhomes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Median Price
Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run
recently.
7-day Average 90-day Average
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 26 Monday January 23, 2012
10. Condos & Townhomes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Price per Square Foot
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently
increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action
Index for persistent changes as a leading indicator for these trends to flatten or drop.
7-day Average 90-day Average
Inventory of Properties Listed for Sale
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
7-day Average 90-day Average
Page 4 of 26 Monday January 23, 2012
11. Condos & Townhomes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Market Action Index
The MISSOULA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 10.94. With several months of inventory available at the current sales rate, buyers should find ample choice.
90-day Average Buyers/Sellers Cutoff
Market Action Index per Quartile
Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 26 Monday January 23, 2012
12. Condos & Townhomes in
City Overview
Prudential Montana Real Estate | (406) 721-4141
MISSOULA, MT
Days on Market
The properties have been on the market for an average of 255 days. Half of the listings have come newly on the market in the
past 162 or so days.
7-day Average 90-day Average
Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 26 Monday January 23, 2012
