Missoula Real Estate Market Report – March 2023

Missoula market report

The Missoula real estate market is experiencing a lot of unique and exciting trends, and our team has just released a new video report for February that covers all the latest insights. In this report, we discuss the absorption rate, interest rates, inventory, and some unique trends that we’ve never seen before in my 20 years in real estate.

One trend that we’re seeing in Missoula is a slowing down on the buyer pool. What this means is that there seems to be less buyers going after some of these homes on the market. There are still plenty of buyers, but they don’t outweigh the sellers near as bad as this time last year. With just a little over 2 months of inventory, you would think that the buyers would be fighting for any available home in their price range. This is not the case. In fact, the list-to-sales price is still sitting around 97% and what that tells me is that the buyers are building some negotiating power and not jumping at the chance to purchase any home.

Overall, the Missoula real estate market is experiencing a lot of unique and exciting trends that are creating a lot of opportunities for both buyers and sellers. Our video report for February is packed with valuable insights and information that you won’t find anywhere else. It provides a comprehensive overview of the market and can help you make informed decisions about your real estate transactions.

So, if you’re thinking about buying or selling a home in Missoula, make sure to watch our video report for February.

If you have any questions or would like to discuss the market further, please feel free to reach out to us. We’re always here to help you navigate the Missoula real estate market. You can call our office at (406) 926-6767 or email Jeremy at [email protected]