Is the Missoula real estate market shifting? Absolutely—and if you’re planning to buy, sell, or invest in 2025, you’ll want to stay ahead of these changes. In this month’s video update, Jeremy Williams, Broker of Bannack Real Estate Group, delivers a clear, data-driven look at what’s happening in our local housing market.
Key Market Stats:
- 277 homes for sale
- 132 homes under contract
- 55 homes sold last month
These numbers indicate a return to a more “normal” seasonal cycle, where the market slows in winter before heating up in spring and summer.
Absorption Rate Indicates a Shift
Absorption rate is a critical supply-and-demand metric. In March, Missoula had 5 months of inventory—balanced market territory. But in April, inventory dropped to 3.1 months, signaling a shift toward a seller’s market. Buyers are entering early, while sellers are just beginning to catch up.
Pricing Trends: Buyers Are Pushing Back
- List-to-sale price on original list price: 97%
- List-to-sale price on adjusted list price: 98%
Overpriced homes are sitting on the market longer—sometimes 30, 60, or even 90 days. Sellers who adjust their prices early are seeing better returns and quicker sales.
What This Means for You
For Buyers:
- More inventory and better negotiating power this spring
- Expect increased competition on well-priced homes as interest rates ease
- Multiple offers still happening on homes priced right and in great condition
For Sellers:
- It’s still a great time to sell—if your home is priced and presented correctly
- Make sure your property is in top showing condition
- Partnering with an experienced local agent is more important than ever
Ready to Make a Move?
Whether you’re buying your first home, selling a property, or investing in Missoula real estate, now is the time to prepare. Let’s talk strategy, timing, and how to put yourself in the best position possible.
📞 Call Jeremy Williams at 406-531-1519
📧 Or contact us here to start the conversation.
▶️ Watch the full market update on YouTube and don’t forget to like and subscribe for the latest real estate insights each month.
