BOZEMAN, MT [July 18, 2019] – Median home sale prices increased in June compared to last year, while the inventory of available single-family homes remains tight, according to statistics released today by the Gallatin Association of REALTORS® (GAR).

“The Gallatin area real estate market remains in strong shape as we move through summer,” said GAR CEO Steve Candler, “Sale prices are up, and sellers are receiving a high percentage of their listing price. All in all, the market is demonstrating continued strength and consistency, and we expect that trend to continue for the foreseeable future.”

Single Family Market – Gallatin County – June 2019

The number of new single-family listings last month was nearly identical to June of 2018, rising from 260 to 261, a 0.4% increase. Pending sales increased by 25.5%, jumping from 141 to 177, while the number of closed sales decreased slightly from 181 to 170, a 6.1%, drop. The median sales price increased by 12.7%, going from $379,950 to $428,350. The number of days a home spends on the market rose by one from 55 to 56, a 1.8% increase. The inventory of homes for sale dropped 17.9% from last year, going from 537 to 441, and the months supply of inventory decreased 19.5%, from 4.1 to 3.3. Sellers received 99.1% of their list price in June, up from 98.9% last year.

Condo/Townhouse Market – Gallatin County – June 2019

Median sale prices in the condo/townhouse market increased 22%, jumping from $275,000 to $335,500. Sellers received 99.1% of their listing price last month, up from 98.6% last year. The number of new listings increased 30.4%, moving from 92 to 120. Pending sales rose slightly from 87 to 90, a 3.4% increase, while closed sales decreased 1.3% from 77 to 76. The average number of days on market in the condo/townhouse market saw a 33.3% spike, jumping from 45 last June to 60 last month. The inventory of available homes in the condo/townhouse market increased 23.2% compared to last June, rising from 198 to 244, while the months supply of inventory jumped 23.3%, from 3.0 to 3.7.

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BOZEMAN, MT [June 24, 2019] – The Gallatin area real estate market is in strong shape, according to the latest statistics from the Gallatin Association of REALTORS® (GAR). Median sale prices were up in May 2019 compared to the same period last year, and sellers received over 98% of their list price in both the single family and condo/townhouse markets.

“The Gallatin market is showing signs of growth and momentum,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sale prices, pending sales and new listings increased, which indicates a competitive sellers’ market during our peak transaction season.”

 
Single Family Homes – Gallatin County – May 2019
The median sales price increased 3.1%, rising from $407,250 in May 2018 to $420,000 last month. The number of units sold increased from 154 in May 2018 to 176 this May, a 14.3% increase, and pending sales are up 26 percent, rising from 146 last May to 184 this year. The average number of days on market was 64, up from 51 last May, and the months supply of inventory decreased 20%, from 3.5 to 2.8. Sellers received 98.3% of their list price in May 2019, down from 99% in 2018.
 
Condo/Townhouse Market – Gallatin County – May 2019
The median sales price increased 18.4 percent, rising from $289,450 in May 2018 to $342,750 last month. The number of pending sales decreased 11.3 percent, from 80 to 71, while new listings increased 20.9 percent in May 2019 compared to the same period last year. The months supply of inventory increased 16.7 percent, from 3.0 to 3.5. Sellers received 99% of their list price in May 2019, up from 98.8% last year.

BOZEMAN, MT [May 24, 2019] – The Gallatin area real estate market is heating up as Summer approaches, according to statistics from the Gallatin Association of REALTORS® (GAR). Median sale prices were up in April 2019 compared to the same period last year, while the months supply of inventory and the inventory of available homes both dropped.

“The Gallatin market is in strong shape as we approach the end of Spring,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Median sale prices and pending sales both increased, while the inventory of available homes remains tight. All indicators point to a competitive sellers’ market as we move into Summer.”

 
Single Family Homes – Gallatin County – April 2019
The median sales price increased 5.6 percent, rising from $402,500 in April 2018 to $425,000 last month. The number of units sold decreased from 138 in April 2018 to 118 this April, a 14.5 percent drop. New listings increased 15.6 percent, from 179 last April to 207 this year, and the number of pending sales increased 5.9 percent. The average number of days on market was 73, showing a 2.7 percent decrease from last April, and the months supply of inventory decreased 10.3 percent, from 2.9 to 2.6.
 
Condo/Townhouse Market – Gallatin County – April 2019
The median sales price increased 10.9 percent, rising from $297,450 in April 2018 to $329,700 last month. The number of closed sales decreased 15.4 percent, from 78 to 66, while new listings increased 23.2 percent in April 2019 compared to the same period last year. The months supply of inventory fell 3.3 percent, from 3.0 to 2.9.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS (BSCMLS) 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 (April 16, 2019) – Median sale prices increased and the inventory of available homes remained tight in March, according to the Gallatin Association of REALTORS® (GAR).

“While the number of new listings is down in both the single family and condo/townhouse markets, median sale prices continue to rise,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “When you factor in the decrease in the inventory of available homes, all signs point to a competitive seller’s market as we move into Spring.”

Single Family Homes – Gallatin County – March 2019

The number of new single-family listings fell from 176 in March 2018 to 130 last month, a 26.1% drop, and the number of pending sales dropped 12.9%, decreasing from 155 to 135. The number of units sold rose from 114 in March 2018 to 124 last month, an 8.8% increase, while the median sales price jumped 6.5%, from $399,000 last March to $425,000 this March. The months supply of inventory decreased 19.4%, from 3.1 to 2.5 Sellers received 98.7% of their list price in March, down slightly from 99.2% last year.

Condo/Townhouse Market – Gallatin County – March 2019

The median sale price in the condo/townhouse market increased 10.1%, rising from $288,000 in March 2018 to $317,000 last month. The number of pending sales fell 21.3%, decreasing from 89 to 70, while the number of units sold inched down from 67 to 63, a 6% drop. New listings were down 21.3% in March 2019 compared to the same period last year, falling from 94 from 70. The months supply of inventory dropped 12.9%t, decreasing from 3.1 to 2.7. Sellers received 98.3% of their listing price, down slightly from 99.4% last March.

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 – Gallatin County’s residential real estate market maintained consistent strength through the winter doldrums of February, seeing slight decreases in units sold and median sale prices compared to 2018, according to the Gallatin Association of REALTORS® (GAR).

“The Gallatin area real estate market is hanging tough through the typically slower winter months, and all signs point to a strong Spring and Summer,” said Steve Candler, CEO of the Gallatin Association of REALTORS®.

Single Family Homes – Gallatin County – February 2019

The number of new single-family listings fell from 141 in February 2018 to 131 last month, a 7.1 percent drop, and the number of pending sales dropped 4.7 percent from 129 to 123. Additionally, the median sales price decreased 3.4 percent, from $435,000 last February to $420,000 this February. The months supply of inventory decreased 12.9 percent, from 3.1 to 2.7.

Condo/Townhouse Market – Gallatin County – February 2019

The median sale price in the condo/townhouse market remained nearly static, dropping from $296,513 in February 2018 to $295,000 last month, 0.5 percent decrease. The number of pending sales jumped 23.8 percent, from 63 to 78. New listings increased sharply in February 2019 compared to the same period last year, jumping to 98 from 56, a 75 percent spike. Average days on market also remained nearly static, rising slightly from 79 last February to 80 this February, a 1.3 percent increase. The months supply of inventory dropped 21.2 percent, decreasing from 3.3 to 2.6.

Overall, the median sales price fell 5.3 percent, from $403,000 in February 2018 to $381,450 this February, while the number of new listings and pending sales increased by 14.8 percent and 3 percent, respectively. New listings increased from 203 in February of 2018 to 233 this February, and pending sales rose from 201 in February 2018 to 207 last month. The months supply of inventory also dropped slightly from 3.1 last February to 2.8 this February, 9.7 percent decrease.

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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