Monthly Indicators March 2022 Nationally, existing home sales recently dropped to a 6-month low, falling 7.2% as buyers struggled to find a home amid rising prices and historic low inventory. Pending sales are also down, declining 4.1% as of last measure, according to the National Association of REALTORS®. Builders are working hard to ramp up production—the U.S. Census Bureau reports housing starts are up 22.3% compared to a year ago—but higher construction costs and increasing sales prices continue to hamper new home sales, despite high demand for additional supply. New Listings decreased 14.3 percent for Single Family and 28.1 percent for Townhouse/Condo. Pending Sales decreased 10.4 percent for Single Family and 30.0 percent for Townhouse/Condo. Inventory decreased 26.9 percent for Single Family but increased 179.5 percent for Townhouse/Condo. Median Sales Price increased 22.3 percent to $592,970 for Single Family and 42.8 percent to $492,500 for Townhouse/Condo. Days on Market increased 73.2 percent for Single Family and 30.5 percent for Townhouse/Condo. Months Supply of Inventory decreased 8.3 percent for Single Family but increased 257.1 percent for Townhouse/Condo. Across the country, consumers are feeling the bite of inflation and surging mortgage interest rates, which recently hit 4.6% in March, according to Freddie Mac, rising 1.4 percent since January and the highest rate in more than 3 years. Monthly payments have increased significantly compared to this time last year, and as housing affordability declines, an increasing number of would-be homebuyers are turning to the rental market, only to face similar challenges as rental prices skyrocket and vacancy rates remain at near-record low.
Quick Facts
- 40.2%
+ 27.3%
- 2.9%
Change in Closed Sales All Properties
Change in Median Sales Price All Properties
Change in Homes for Sale All Properties
This report covers residential real estate activity in the counties of Flathead, Lincoln and Lake. Percent changes are calculated using rounded figures.
Single Family Market Overview Townhouse/Condo Market Overview New Listings Pending Sales Closed Sales Days on Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory All Residential Properties Market Overview
2 3 4 5 6 7 8 9 10 11 12 13 14
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime.
Single Family Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single Family properties only.
Key Metrics
Historical Sparkbars
New Listings 3-2020
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
656
501
- 23.6%
212
190
- 10.4%
639
461
- 27.9%
249
145
- 41.8%
580
407
- 29.8%
56
97
+ 73.2%
63
96
+ 52.4%
$485,000
$592,970
+ 22.3%
$443,400
$558,000
+ 25.8%
$606,492
$828,269
+ 36.6%
$597,536
$764,053
+ 27.9%
99.6%
100.1%
+ 0.5%
99.1%
99.2%
+ 0.1%
78
65
- 16.7%
85
69
- 18.8%
334
244
- 26.9%
––
––
––
1.2
1.1
- 8.3%
––
––
––
3-2022
Months Supply of Inventory 3-2020
- 14.3%
3-2022
Inventory of Homes for Sale 3-2020
216
3-2022
Housing Affordability Index 3-2020
252
3-2022
Percent of List Price Received 3-2020
% Change
3-2022
Average Sales Price 3-2020
YTD 2022
3-2022
Median Sales Price 3-2020
YTD 2021
3-2022
Days on Market Until Sale 3-2020
% Change
3-2022
Closed Sales 3-2020
3-2022
3-2022
Pending Sales 3-2020
3-2021
3-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 2
Townhouse/Condo Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Townhouse/Condo properties only.
Key Metrics
Historical Sparkbars
New Listings 3-2020
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
140
186
+ 32.9%
60
42
- 30.0%
158
142
- 10.1%
62
41
- 33.9%
127
101
- 20.5%
59
77
+ 30.5%
54
115
+ 113.0%
$345,000
$492,500
+ 42.8%
$325,000
$453,000
+ 39.4%
$501,713
$731,346
+ 45.8%
$449,560
$618,011
+ 37.5%
99.7%
102.6%
+ 2.9%
99.7%
101.6%
+ 1.9%
109
78
- 28.4%
116
85
- 26.7%
44
123
+ 179.5%
––
––
––
0.7
2.5
+ 257.1%
––
––
––
3-2022
Months Supply of Inventory 3-2020
- 28.1%
3-2022
Inventory of Homes for Sale 3-2020
46
3-2022
Housing Affordability Index 3-2020
64
3-2022
Percent of List Price Received 3-2020
% Change
3-2022
Average Sales Price 3-2020
YTD 2022
3-2022
Median Sales Price 3-2020
YTD 2021
3-2022
Days on Market Until Sale 3-2020
% Change
3-2022
Closed Sales 3-2020
3-2022
3-2022
Pending Sales 3-2020
3-2021
3-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
March
Year to Date 705
341
656
252
501 216
54
64
150
46
+ 68.8% - 26.1% - 14.3%
+ 63.6% + 18.5% - 28.1%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
+ 38.8%
- 7.0%
- 23.6%
2020 2021 2022 Single Family
+ 54.6%
140
- 6.7%
186
+ 32.9%
2020 2021 2022 Townhouse/Condo
New Listings
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
332
+ 42.5%
104
+ 235.5%
May-2021
329
- 10.6%
54
- 10.0%
Jun-2021
428
+ 1.4%
103
+ 39.2%
Jul-2021
363
- 20.4%
93
- 26.8%
Aug-2021
320
- 26.9%
61
- 33.0%
Sep-2021
250
- 16.9%
39
- 38.1%
Oct-2021
232
- 16.2%
28
- 49.1%
Nov-2021
136
- 12.8%
34
- 37.0%
Dec-2021
108
- 19.4%
30
- 31.8%
Jan-2022
116
- 37.0%
97
+ 110.9%
Feb-2022
169
- 23.2%
43
+ 43.3%
Mar-2022
216
- 14.3%
46
- 28.1%
12-Month Avg
250
- 12.9%
61
- 1.6%
Historical New Listings by Month
Single Family
Townhouse/Condo
600
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
March
Year to Date 639
212 179
190
489
60
2020 2021 2022 Single Family
- 8.6%
126
42
32 + 9.8% + 18.4% - 10.4%
461
+ 87.5% - 30.0%
2020 2021 2022 Townhouse/Condo
158
142
+ 17.3% + 30.7% - 27.9%
+ 28.6% + 25.4% - 10.1%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
Pending Sales
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
250
+ 38.1%
74
+ 270.0%
May-2021
261
- 1.9%
45
- 13.5%
Jun-2021
293
- 19.9%
53
- 23.2%
Jul-2021
254
- 44.9%
58
- 44.8%
Aug-2021
260
- 35.3%
70
- 32.7%
Sep-2021
224
- 35.1%
41
- 50.0%
Oct-2021
252
- 16.3%
29
- 58.6%
Nov-2021
163
- 1.2%
38
- 13.6%
Dec-2021
145
- 9.9%
32
- 15.8%
Jan-2022
117
- 46.3%
38
- 38.7%
Feb-2022
154
- 26.3%
62
+ 72.2%
Mar-2022
190
- 10.4%
42
- 30.0%
12-Month Avg
214
- 21.9%
49
- 21.0%
Historical Pending Sales by Month
Single Family
Townhouse/Condo
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 5
Closed Sales A count of the actual sales that closed in a given month.
March
Year to Date 249
166
580 413
407
145
52
62
123
41
+ 45.6% + 50.0% - 41.8%
+ 73.3% + 19.2% - 33.9%
+ 24.4% + 40.4% - 29.8%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
127
+ 89.2% + 3.3%
101 - 20.5%
2020 2021 2022 Townhouse/Condo
Closed Sales
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
192
+ 22.3%
44
+ 46.7%
May-2021
232
+ 43.2%
58
+ 93.3%
Jun-2021
293
+ 23.1%
63
+ 46.5%
Jul-2021
276
- 20.2%
75
+ 29.3%
Aug-2021
249
- 37.0%
58
+ 16.0%
Sep-2021
257
- 35.4%
65
- 17.7%
Oct-2021
210
- 40.8%
48
- 40.0%
Nov-2021
241
- 17.5%
52
- 8.8%
Dec-2021
224
- 11.5%
32
- 49.2%
Jan-2022
141
- 18.0%
35
+ 6.1%
Feb-2022
121
- 23.9%
25
- 21.9%
Mar-2022
145
- 41.8%
41
- 33.9%
12-Month Avg
215
- 18.9%
50
- 2.0%
Historical Closed Sales by Month
Single Family
Townhouse/Condo
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 6
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
March
Year to Date 118
116
115
97
96 63
59
56
101
77
76
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
50
- 45.7%
50
- 35.1%
May-2021
50
- 36.7%
38
- 67.0%
Jun-2021
42
- 56.3%
57
- 49.1%
Jul-2021
28
- 63.2%
31
- 67.0%
Aug-2021
28
- 59.4%
22
- 69.4%
Sep-2021
33
- 50.7%
27
- 71.3%
Oct-2021
41
- 42.3%
25
- 69.5%
Nov-2021
45
- 22.4%
27
- 67.5%
Dec-2021
53
- 22.1%
34
- 34.6%
Jan-2022
80
+ 14.3%
117
+ 143.8%
Feb-2022
112
+ 69.7%
174
+ 234.6%
Mar-2022
97
+ 73.2%
77
+ 30.5%
12-Month Avg*
49
- 31.0%
48
- 39.1%
Days on Market
54
+ 16.0% - 51.7% + 73.2%
- 51.9% - 22.4% + 30.5%
+ 11.3% - 46.6% + 52.4%
- 18.5% - 46.5% + 113.0%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
* Days on Market for all properties from April 2021 through March 2022. This is not the average of the individual figures above.
Historical Days on Market Until Sale by Month
Single Family
Townhouse/Condo
350 300 250 200 150 100 50 0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 7
Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
March
Year to Date $558,000 $592,970 $453,000
$443,400
$492,500
$485,000
$335,000 $348,250
$325,000
$345,000
$278,000
$265,000
+ 5.7% + 39.3% + 22.3%
2020 2021 2022 Single Family
- 1.3%
+ 30.2% + 42.8%
2020 2021 2022 Townhouse/Condo
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
$500,292
+ 48.9%
$415,250
+ 50.9%
May-2021
$512,500
+ 47.1%
$425,000
+ 54.8%
Jun-2021
$545,000
+ 55.7%
$415,000
+ 64.0%
Jul-2021
$545,000
+ 38.7%
$402,000
+ 40.8%
Aug-2021
$595,000
+ 43.4%
$470,500
+ 58.3%
Sep-2021
$550,000
+ 23.7%
$441,000
+ 39.8%
Oct-2021
$529,000
+ 20.4%
$403,950
+ 8.5%
Nov-2021
$575,000
+ 30.7%
$384,400
+ 20.5%
Dec-2021
$567,450
+ 43.7%
$424,000
+ 41.4%
Jan-2022
$550,000
+ 37.5%
$435,900
+ 56.6%
Feb-2022
$550,000
+ 26.1%
$449,400
+ 32.2%
Mar-2022
$592,970
+ 22.3%
$492,500
+ 42.8%
12-Month Avg* $550,000
+ 35.8%
$425,000
+ 37.1%
Median Sales Price
+ 4.7% + 32.4% + 25.8%
+ 2.2% + 16.9% + 39.4%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
* Median Sales Price for all properties from April 2021 through March 2022. This is not the average of the individual figures above.
Historical Median Sales Price by Month
Single Family
Townhouse/Condo
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 8
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
March
Year to Date
$828,269 $764,053
$731,346 $606,492
$618,011
$597,536 $501,713
$484,818
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
$670,319
+ 59.0%
$604,949
+ 85.7%
May-2021
$677,502
+ 58.5%
$477,973
+ 30.4%
Jun-2021
$808,036
+ 88.3%
$462,297
+ 46.7%
Jul-2021
$723,284
+ 30.0%
$483,210
+ 18.0%
Aug-2021
$763,146
+ 32.2%
$646,493
+ 67.9%
Sep-2021
$950,361
+ 48.8%
$569,501
+ 29.4%
Oct-2021
$773,577
+ 13.1%
$508,416
+ 10.3%
Nov-2021
$840,576
+ 34.8%
$444,531
+ 10.9%
Dec-2021
$783,750
+ 33.7%
$522,109
+ 30.4%
Jan-2022
$714,680
+ 20.3%
$521,554
+ 47.7%
Feb-2022
$744,634
+ 26.8%
$567,182
+ 26.6%
Mar-2022
$828,269
+ 36.6%
$731,346
+ 45.8%
12-Month Avg* $778,029
+ 34.9%
$538,366
+ 30.7%
Avg. Sales Price
$459,183
$449,560 $326,137
$319,437
+ 30.1% + 25.1% + 36.6%
- 12.3% + 57.1% + 45.8%
+ 14.9% + 30.1% + 27.9%
+ 3.4% + 37.8% + 37.5%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
* Avg. Sales Price for all properties from April 2021 through March 2022. This is not the average of the individual figures above.
Historical Average Sales Price by Month
Single Family
Townhouse/Condo
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 9
Percent of List Price Received Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
March
97.1%
+ 0.9%
Pct. of List Price Received
Year to Date
99.6%
+ 2.6%
100.1%
+ 0.5%
2020 2021 2022 Single Family
97.5%
- 1.0%
99.7%
+ 2.3%
102.6%
+ 2.9%
2020 2021 2022 Townhouse/Condo
97.0%
+ 1.1%
99.1%
+ 2.2%
99.2%
+ 0.1%
2020 2021 2022 Single Family
97.4%
- 1.5%
99.7%
+ 2.4%
101.6%
+ 1.9%
2020 2021 2022 Townhouse/Condo
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
101.2%
+ 3.9%
101.7%
+ 3.9%
May-2021
101.1%
+ 3.4%
101.6%
+ 4.2%
Jun-2021
101.5%
+ 4.0%
101.9%
+ 3.9%
Jul-2021
101.2%
+ 2.7%
101.7%
+ 2.9%
Aug-2021
100.8%
+ 2.8%
101.7%
+ 2.5%
Sep-2021
99.5%
+ 0.9%
100.4%
+ 1.2%
Oct-2021
99.6%
+ 1.1%
100.9%
+ 2.1%
Nov-2021
98.5%
+ 0.5%
99.9%
+ 0.3%
Dec-2021
98.8%
+ 0.8%
100.9%
+ 1.1%
Jan-2022
98.5%
+ 0.1%
100.6%
+ 1.6%
Feb-2022
99.0%
- 0.3%
101.3%
+ 0.8%
Mar-2022
100.1%
+ 0.5%
102.6%
+ 2.9%
12-Month Avg*
100.1%
+ 1.8%
101.3%
+ 2.2%
* Pct. of List Price Received for all properties from April 2021 through March 2022. This is not the average of the individual figures above.
Historical Percent of List Price Received by Month
Single Family
Townhouse/Condo
104% 102% 100% 98% 96% 94% 92% 90% 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
March
Year to Date 132
138
116
109
109
105
85 78
78
+ 5.0%
- 25.7% - 16.7%
2020 2021 2022 Single Family
+ 13.1% - 21.0% - 28.4%
2020 2021 2022 Townhouse/Condo
85 69
65
+ 5.8%
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
75
- 32.4%
91
- 32.6%
May-2021
74
- 30.8%
90
- 33.8%
Jun-2021
70
- 35.2%
92
- 38.3%
Jul-2021
70
- 27.8%
96
- 28.4%
Aug-2021
65
- 30.1%
82
- 36.9%
Sep-2021
70
- 19.5%
87
- 29.3%
Oct-2021
73
- 18.0%
95
- 8.7%
Nov-2021
67
- 24.7%
100
- 18.7%
Dec-2021
68
- 32.0%
91
- 31.1%
Jan-2022
70
- 27.8%
88
- 37.1%
Feb-2022
70
- 21.3%
85
- 25.4%
Mar-2022
65
- 16.7%
78
- 28.4%
12-Month Avg
70
- 26.3%
90
- 29.1%
Affordability Index
- 22.0% - 18.8%
2020 2021 2022 Single Family
+ 9.1%
- 12.1% - 26.7%
2020 2021 2022 Townhouse/Condo
Historical Housing Affordability Index by Month
Single Family
Townhouse/Condo
250
200
150
100
50 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
March 913
334
244
170 44
123
- 7.3%
- 63.4%
- 26.9%
- 16.3%
- 74.1%
+ 179.5%
2020
2021 Single Family
2022
2020
2021 Townhouse/Condo
2022
Homes for Sale
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
384
- 57.1%
68
- 60.9%
May-2021
404
- 55.6%
71
- 57.0%
Jun-2021
511
- 43.3%
119
- 22.7%
Jul-2021
568
- 30.9%
149
- 9.1%
Aug-2021
588
- 25.7%
128
- 12.9%
Sep-2021
551
- 19.4%
119
+ 4.4%
Oct-2021
466
- 20.9%
113
+ 34.5%
Nov-2021
397
- 25.4%
107
+ 21.6%
Dec-2021
302
- 31.8%
94
+ 14.6%
Jan-2022
259
- 26.4%
150
+ 167.9%
Feb-2022
248
- 23.9%
127
+ 188.6%
Mar-2022
244
- 26.9%
123
+ 179.5%
12-Month Avg
410
- 35.1%
114
+ 3.6%
Historical Inventory of Homes for Sale by Month
Single Family
Townhouse/Condo
3,000
2,500
2,000
1,500
1,000
500
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
March 4.7 4.2
2.5 1.2
1.1
0.7
- 17.5%
- 74.5%
- 8.3%
- 33.3%
- 83.3%
+ 257.1%
2020
2021 Single Family
2022
2020
2021 Townhouse/Condo
2022
Months Supply
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Apr-2021
1.4
- 69.6%
1.0
- 77.3%
May-2021
1.4
- 70.2%
1.1
- 73.2%
Jun-2021
1.9
- 56.8%
1.8
- 50.0%
Jul-2021
2.2
- 40.5%
2.5
- 28.6%
Aug-2021
2.4
- 29.4%
2.2
- 24.1%
Sep-2021
2.4
- 14.3%
2.2
+ 4.8%
Oct-2021
2.0
- 13.0%
2.2
+ 46.7%
Nov-2021
1.7
- 19.0%
2.1
+ 40.0%
Dec-2021
1.3
- 23.5%
1.9
+ 35.7%
Jan-2022
1.2
- 7.7%
3.1
+ 244.4%
Feb-2022
1.2
0.0%
2.5
+ 257.1%
Mar-2022
1.1
- 8.3%
2.5
+ 257.1%
12-Month Avg*
1.7
- 39.5%
2.1
- 7.8%
* Months Supply for all properties from April 2021 through March 2022. This is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
Single Family
Townhouse/Condo
50
40
30
20
10
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 13
All Residential Properties Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 3-2020
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
9-2020
3-2021
9-2021
796
687
- 13.7%
272
232
- 14.7%
797
603
- 24.3%
311
186
- 40.2%
707
508
- 28.1%
57
93
+ 63.2%
61
99
+ 62.3%
$449,000
$571,524
+ 27.3%
$420,000
$540,000
+ 28.6%
$585,604
$806,904
+ 37.8%
$570,954
$735,017
+ 28.7%
99.6%
100.6%
+ 1.0%
99.2%
99.7%
+ 0.5%
84
67
- 20.2%
90
71
- 21.1%
378
367
- 2.9%
––
––
––
1.1
1.4
+ 27.3%
––
––
––
3-2022
Months Supply of Inventory 3-2020
- 17.1%
3-2022
Inventory of Homes for Sale 3-2020
262
3-2022
Housing Affordability Index 3-2020
316
3-2022
Percent of List Price Received 3-2020
% Change
3-2022
Average Sales Price 3-2020
YTD 2022
3-2022
Median Sales Price 3-2020
YTD 2021
3-2022
Days on Market Until Sale 3-2020
% Change
3-2022
Closed Sales 3-2020
3-2022
3-2022
Pending Sales 3-2020
3-2021
3-2022
Current as of April 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 14