The market is stabilizing...what does that mean? New properties on market are not "reaching" to test what buyers will pay, rather they are more grounded in market research.
There has been an uptick in the number of listings. The median price is higher overall in most local markets than this time last year (we continue to have above average equity growth).
The DOM (days on market) have decreased, properties are going under contract faster than this time last year on average.
With the except of Three Forks, which still offers the best value in our southwestern Montana region, closed pricing is ranging from 11-61% higher than spring of 2021.
Click the link below ⬇️⬇️⬇️ to see stats for the area of choice. If your market isn't shown here, DM me and I'll put together a report for you!