Bitterroot MLS Year End Market Update

Well we have finally finished with the holiday’s and can now go back to work.  I thought that you might be interested in an update on the Bitterroot Real Estate market. 

The market was off 22% in closed sales from 2006.  In Ravalli County there where a total of 746 sales with an Average Days on Market being 177 Days.

Residential – 586 Sales w/Average DOM 165

Land – 130 Sales w/ Average DOM 224

Commercial – 18 Sales w/Average DOM 224

Multi-Family – 12 Sales w/Average DOM 167

 

When you compare that to some of the other markets across the country I don’t think we are doing to bad.   Of course we are going to be off when half of our buyers come from those markets that are of 50% to 60%.    I am extremely pleased that Greater Montana GMAC Real Estate was only off 15% in sales from 2006.   Way to go GMAC  Team!!