Happy Thanksgiving from The Jeremy Williams Team

For me, Thanksgiving has always been a time for family and reflection.  Taking time out of our busy year and truly be grateful for the people in our lives.  Thank you Missoula for your support in our journey!

Jeremy Williams Team – Keller Williams Real Estate


Missoula Residential Real Estate Market Update – June 2016

Download full report: Missoula Market Report June 2016

By The Numbers:

  • Homes sold June: 149; YTD 577
  • Average days on market June: 108; YTD 114
  • List-to-sale price June: 98%; YTD: 98%
  • Median sold price: $257,000; YTD: $246,381
  • % homes sold under $350,000: 5%
  • Homes actively listed at end of June: 443
  • Months of inventory: 5

SUMMER HAS ARRIVED IN MISSOULA! Despite low inventory, Missoula residential real estate sales were strong over the last six months. Homes in Missoula priced below $350,000 are being absorbed at a much faster rate than higher priced homes, leaving less than six months of inventory and fewer options for buyers to choose from. Demand for the more affordable homes outpaces supply, creating a seller’s market for most price points under $450,000. Conversely, there is between 9 and 16 months of inventory of homes priced at $450,000 and higher.

Absorption by Price Range_Missoula

Summer months usually bring more buyers to the market and, unless more new listings priced below $300,000 come on the market in the next couple of months, we anticipate it will remain a seller’s market throughout the remainder of summer in Missoula. Buyers who are seriously looking should be prepared with a pre-approval letter from a lender and be ready to make an offer, especially if shopping for a home priced under $300,000. Sellers whose homes are competitively priced will likely see a lot of activity and could sell within 97-98 percent of asking price.

Download full report here: Missoula Market Report_June 2016

Jeremy Williams
Keller Williams


Missoula Residential Real Estate – 1st Quarter 2016

Download full report: Missoula Residential Real Estate Market Update_1st Q 2016

Missoula Residential Real Estate – By The Numbers:

  • Homes sold this quarter: 194
  • Average days on market: 112
  • List-to-sale price: 98%
  • Median sold price: $232,117
  • % homes sold under $300,000: 76%
  • Homes actively listed at end of quarter: 398
  • Months of inventory: 6.2

SPRING HAS SPRUNG! Missoula residential real estate sales were strong over the last three months despite low inventory. Homes in Missoula priced below $300,000 are being absorbed at a much faster rate than higher priced homes, leaving less than six months of inventory and fewer options for buyers to choose from. Demand for the more affordable homes outpaces supply, creating a seller’s market for most price points under $300,000. Conversely, there is between 11 and 42 months of inventory of homes priced at $450,000 and higher.

missoula residential real estate
Absorption by price range

Summer months usually bring more buyers to the market and, unless more new listings priced below $300,000 come on the market in the next couple of months, we anticipate it will remain a seller’s market throughout the summer in Missoula. Buyers who are seriously looking should be prepared with a pre-approval letter from a lender and be ready to make an offer, especially if shopping for a home priced under $300,000. Sellers whose homes are competitively priced will likely see a lot of activity and could sell within 97-98 percent of asking price.

Download full report here: Missoula Residential Real Estate Market Update_1st Q 2016

PS – We’ve moved to Keller Williams! Same great team, same excellent service!

Jeremy Williams
Keller Williams