BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for October 2018, revealing increases in closed sales and sale prices and a tightening inventory of available homes.

“The Gallatin area continued to see an active, competitive seller’s market through October,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Sale prices are up once again, while the inventory of available homes remains tight. The market remains in solid shape as we move into Winter.

Single Family Homes – Gallatin County – October 2018
The number of new single-family listings increased slightly from 133 in October 2017 to 135 this October, a 1.5 percent increase. The number of units sold increased 14.9 percent, from 148 last October to 170 this year, while the median sale price saw a 20.9 percent spike, jumping from $372,361 to $450,000. The average number of days on market was 62, a 26.5 percent increase from 49 last year, and the months supply of inventory decreased 7.7 percent, from 3.9 to 3.6.
 
Condo/Townhouse Market – Gallatin County – October 2018
The median sale price in the condo/townhouse market jumped 20.2 percent, from $248,700 in October 2017 to $299,000 last month. The number of closed sales decreased 23.6 percent, from 72 to 55. New listings decreased 12.7 percent in October 2018 compared to the same period last year, falling from 63 to 55, while the months supply of inventory fell 22.9 percent, from 3.5 to 2.7.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

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BOZEMAN, MT -- The Gallatin Association of REALTORS®’ board of directors has voted to endorse several candidates running in the November 6, 2018 general election. GAR is endorsing Republicans Jedediah Hinkle (District 32) and Gordon “Gordy” Vance (District 34) for the Montana State Senate, Democrat Jim Hamilton for Montana State House in District 61, Democrat Chris Pope for Montana State House in District 65, Republican Steve White for Gallatin County Commissioner and Democrat Eric Semarad for Clerk and Recorder.

Jedediah Hinkle was first elected to represent Senate District 32 in 2014. He works as a fisheries technician for the U.S. Forestry Service and is a proponent of private property rights.

Gordon “Gordy” Vance was elected to represent District 34 in the Montana Senate in 2014. He served in the Montana House of Representatives from 2009 until he joined the Senate in early 2015 and served as Majority Leader for the 2013-14 session. Vance owned a car dealership in Bozeman and is pro-business and supportive of private property rights.

Jim Hamilton is running for his second term in the Montana House of Representatives.  He has served on the Taxation, Transportation and Agriculture committees and was appointed to a new subcommittee to study Montana’s tax structure.  He resides in Bozeman and is a community volunteer, firefighter and Rotarian.

Chris Pope, a former commercial REALTOR® and small business owner, is running for his second term in the Montana House of Representatives.  Pope, a Bozeman resident, was one of the driving forces behind the rebuilding of Main Street after the gas explosion in 2005.

Steve White is currently serving a six-year term as Gallatin County Commissioner and serves as the board's current chair.  He owned and operated a software company prior to being elected in 2006, is a graduate of Montana State University, and previously served as Chair of the Gallatin County Republican Party Finance Committee.

Eric Semarad has worked in the Clerk’s office for 28 years, 15 as the Recording Department Supervisor and 10 as the Chief Deputy Clerk. He earned his bachelor’s degree from Montana State University.

“We conducted a thorough selection and interview process to learn where the candidates stand on the issues, find out if they understand the economic importance of the real estate industry, and ascertain which of them will support policies that promote economic growth, home ownership and private property rights in the Gallatin Valley area," said GAR President Michelle Haverstick. "Based on the insight gained during this vetting process, we believe Jim Hamilton, Chris Pope and Steve White are the right choices for voters who want to see our area grow and prosper."

Based in Bozeman, MT, the Gallatin Association of REALTORS® (GAR) is the local association level of the largest trade association in the nation presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. GAR was chartered as the Bozeman Board of REALTORS® in 1970 by the National Association of REALTORS® (NAR) and changed to its present name in 1996. GAR and its members serve Gallatin County and surrounding areas, including Ennis, Big Sky, Big Timber, Livingston and Three Forks. GAR members’ practices cover a variety of real estate specialties, including appraisal, commercial, development, farm and ranch, property management, residential, recreational land and resort properties. For more information, visit http://www.gallatinrealtors.com.
 

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 BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for September 2018, revealing increases in pending sales and average sales prices and a tightening inventory of available homes. The number of units sold in the condo/townhouse market jumped, as did the average sale price.
 
“The Gallatin area continues to see an active, competitive seller’s market through September,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sales prices are up while the inventory of available homes remains tight, with lots of pending sales in the pipeline. If you’ve considered listing your home for sale, now is the time to contact a Gallatin area REALTOR® and do so.”
 
Single Family Homes – Gallatin County – September 2018
The number of new single-family listings increased slightly from 134 in September 2017 to 142 this September, a 6.0 percent increase. The number of pending sales increased from 122 to 137, a 12.3 percent jump over last year. The number of units sold decreased 10.6 percent, from 132 last September to 118 this year. The average number of days on market was 59, an 18 percent increase from 50 last year, and the months supply of inventory decreased 11.4 percent, from 4.4 to 3.9.
 
Condo/Townhouse Market – Gallatin County – September 2018
The number of new condo/townhouse listings decreased 21.7 percent in September 2018 compared to the same period last year, falling from 83 to 65. Pending sales jumped 9.3 percent, from 54 to 59, while the number of closed sales increased 22.4 percent, from 58 to 71. The average sale price jumped 32 percent, from $291,445 in September 2017 to $384,577 last month, and the months supply of inventory fell 23.7 percent, from 3.8 to 2.9.
 
The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.
 
Additional Information:

BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for August 2018, revealing increases in units sold, average sales prices and a tightening inventory of available homes.
 
Single-family sales increased 14 percent in August 2018 compared to last year, going from 157 to 179 units sold, while the average sales price in the single-family market increased 18 percent. Condo/townhouse sales fell 2.4 percent, decreasing slightly from 83 to 81 units sold, and the average sale price in the condo/townhouse market jumped 2.9 percent.

“The Gallatin area continues to see an active, competitive seller’s market through August,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sales prices are up, while the inventory of available homes remains tight. The average number of days on market is 47 days, the quickest market we’ve seen in over two years. If you’ve considered listing a home for sale, now is a great time to do so.”
 
Single Family Homes – Gallatin County – August 2018
The number of new single-family listings fell slightly from 202 in August 2017 to 189 this August, a 6.4 percent decrease. The number of pending sales increased slightly from 144 to 153, a 6.3 percent jump over last year. The number of units sold spiked 14 percent, from 157 last August to 179 this year. The average number of days on market was 54, a 1.8 percent decrease from 55 last year, and the months supply of inventory decreased 10.9 percent, from 4.6 to 4.1.
 
Condo/Townhouse Market – Gallatin County – August 2018
The number of new condo/townhouse listings increased 13.2 percent in August 2018 compared to the same period last year, going from 76 to 86. Pending sales jumped 11.8 percent, from 68 to 76, while the number of closed sales decreased 2.4 percent, from 83 to 81. The average sale price increased 2.9 percent, from $322,038 in August 2017 to $331,222 last month, and the month’s supply of inventory fell 11.8 percent, from 3.4 to 3.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

Additional Information:

BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for July 2018, revealing increases in pending sales, average sales prices and a tightening inventory of available homes.

Single-family sales fell 17.8 percent in July 2018 compared to last year, going from 163 to 134 units sold, while the average sales price in the single-family market increased 10.6 percent. Condo/townhouse sales increased 17.6 percent, rising from 74 to 87 units sold, and the average sale price in the condo/townhouse market jumped 9.2 percent.

“The Gallatin area continues to see a competitive seller’s market,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sales prices are up, while the inventory of available homes continues to tighten. If you’ve considered putting your home on the market, now is the time to call one of the Gallatin area REALTORS.”
 
Single Family Homes – Gallatin County – July 2018
The number of new single-family listings fell slightly from 209 in July 2017 to 192 this July, an 8.1 percent decrease. The number of pending sales increased slightly from 147 to 155, a 5.4 percent jump over last year. The number of units sold decreased 17.8 percent, from 163 last July to 134 this year. The average number of days on market was 48, a 30.4 percent decrease from 69 last year, and the month’s supply of inventory decreased 7 percent, from 4.3 to 4.0.
 
Condo/Townhouse Market – Gallatin County – July 2018
The number of new listings in the Gallatin County condo/townhouse market increased 14.7 percent in July 2018 compared to the same period last year, going from 75 to 86. Pending sales decreased 2.8 percent, from 72 to 70, and the number of closed sales increased 17.6 percent, from 74 to 87. The average sale price increased 9.2 percent, from $313,213 in July 2017 to $342,169 last month, and the month’s supply of inventory fell 14.3 percent, from 3.5 to 3.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

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