August 2018 Local Market Update

BOZEMAN

MARKET WATCH AUGUST 2018 Real Estate Market Statistics: Bozeman City Limits, Bozeman Outside City Limits, Belgrade, Greater Manhattan, Greater Three Forks, Greater Big Sky, West Yellowstone, Livingston, Park County, Beaverhead County, Madison County, Jefferson County, Broadwater County, Sweet Grass County

Bozeman Brokerage

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Bozeman City Limits Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

71

71

0.0%

510

538

+ 5.5%

Pending Sales

51

59

+ 15.7%

413

431

+ 4.4%

Closed Sales

50

74

+ 48.0%

383

419

+ 9.4%

Days on Market Until Sale

50

34

- 32.0%

59

46

- 22.0%

Median Sales Price*

$394,430

$452,500

+ 14.7%

$379,000

$425,000

+ 12.1%

Average Sales Price*

$435,643

$512,213

+ 17.6%

$415,642

$471,445

+ 13.4%

98.9%

98.5%

- 0.4%

99.4%

99.2%

- 0.2%

Inventory of Homes for Sale

148

158

+ 6.8%

––

––

––

Months Supply of Inventory

3.2

3.2

0.0%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

34

58

+ 70.6%

411

357

- 13.1%

Pending Sales

32

41

+ 28.1%

337

320

- 5.0%

Closed Sales

49

44

- 10.2%

287

301

+ 4.9%

Days on Market Until Sale

51

20

- 60.8%

72

55

- 23.6%

Median Sales Price*

$285,000

$304,700

+ 6.9%

$272,000

$300,000

+ 10.3%

Average Sales Price*

$315,387

$313,530

- 0.6%

$313,874

$341,628

+ 8.8%

99.8%

99.3%

- 0.5%

99.8%

99.4%

- 0.4%

Inventory of Homes for Sale

97

102

+ 5.2%

––

––

––

Months Supply of Inventory

2.7

2.9

+ 7.4%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Bozeman City Limits

$450,000

Rolling 12-Month Calculation

Gallatin County Bozeman City Limits

$300,000

$400,000 $250,000 $350,000

$300,000

$200,000

$250,000 $150,000 $200,000

$150,000 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Bozeman Areas Outside City Limits Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

51

48

- 5.9%

447

424

- 5.1%

Pending Sales

37

40

+ 8.1%

298

294

- 1.3%

Closed Sales

46

43

- 6.5%

292

268

- 8.2%

Days on Market Until Sale

53

89

+ 67.9%

79

68

- 13.9%

Median Sales Price*

$485,500

$628,000

+ 29.4%

$449,950

$499,000

+ 10.9%

Average Sales Price*

$677,116

$775,995

+ 14.6%

$589,368

$660,444

+ 12.1%

97.6%

96.7%

- 0.9%

98.1%

98.0%

- 0.1%

Inventory of Homes for Sale

205

177

- 13.7%

––

––

––

Months Supply of Inventory

5.9

5.2

- 11.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

11

7

- 36.4%

58

62

+ 6.9%

Pending Sales

8

8

0.0%

48

56

+ 16.7%

Closed Sales

10

4

- 60.0%

34

51

+ 50.0%

Days on Market Until Sale

31

10

- 67.7%

51

18

- 64.7%

Median Sales Price*

$258,900

$308,925

+ 19.3%

$253,900

$283,900

+ 11.8%

Average Sales Price*

$255,135

$304,088

+ 19.2%

$264,385

$289,378

+ 9.5%

100.1%

100.0%

- 0.1%

99.4%

99.7%

+ 0.3%

Inventory of Homes for Sale

9

6

- 33.3%

––

––

––

Months Supply of Inventory

1.7

0.9

- 47.1%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family Rolling 12-Month Calculation

Median Sales Price - Condo

Gallatin County Bozeman Areas Outside City Limits

$600,000

Rolling 12-Month Calculation

Gallatin County Bozeman Areas Outside City Limits

$400,000

$350,000 $500,000 $300,000 $400,000

$250,000

$200,000

$300,000

$150,000 $200,000 $100,000

$100,000 1-2003

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Belgrade Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

61

41

- 32.8%

319

300

- 6.0%

Pending Sales

38

28

- 26.3%

263

233

- 11.4%

Closed Sales

34

35

+ 2.9%

238

229

- 3.8%

Days on Market Until Sale

15

23

+ 53.3%

41

37

- 9.8%

Median Sales Price*

$309,440

$315,000

+ 1.8%

$285,000

$315,900

+ 10.8%

Average Sales Price*

$305,895

$335,191

+ 9.6%

$324,158

$343,941

+ 6.1%

99.4%

99.0%

- 0.4%

99.1%

99.0%

- 0.1%

Inventory of Homes for Sale

76

87

+ 14.5%

––

––

––

Months Supply of Inventory

2.6

3.2

+ 23.1%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

12

14

+ 16.7%

68

102

+ 50.0%

Pending Sales

8

14

+ 75.0%

67

83

+ 23.9%

Closed Sales

7

12

+ 71.4%

58

66

+ 13.8%

Days on Market Until Sale

15

36

+ 140.0%

33

22

- 33.3%

Median Sales Price*

$220,000

$270,450

+ 22.9%

$184,250

$215,500

+ 17.0%

Average Sales Price*

$203,321

$251,608

+ 23.7%

$183,946

$223,118

+ 21.3%

100.1%

99.5%

- 0.6%

99.4%

99.7%

+ 0.3%

Inventory of Homes for Sale

4

23

+ 475.0%

––

––

––

Months Supply of Inventory

0.5

2.8

+ 460.0%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Belgrade

$450,000

Rolling 12-Month Calculation

Gallatin County Belgrade

$300,000

$400,000 $250,000 $350,000 $200,000

$300,000

$250,000

$150,000

$200,000 $100,000 $150,000

$100,000 1-2003

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Greater Manhattan Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

7

8

+ 14.3%

58

67

+ 15.5%

Pending Sales

4

6

+ 50.0%

44

46

+ 4.5%

Closed Sales

5

5

0.0%

41

40

- 2.4%

181

33

- 81.8%

81

79

- 2.5%

Median Sales Price*

$260,000

$345,000

+ 32.7%

$302,000

$383,500

+ 27.0%

Average Sales Price*

$509,520

$357,916

- 29.8%

$379,727

$423,928

+ 11.6%

96.6%

96.8%

+ 0.2%

98.1%

97.9%

- 0.2%

Inventory of Homes for Sale

23

34

+ 47.8%

––

––

––

Months Supply of Inventory

4.4

6.6

+ 50.0%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

1

0

- 100.0%

9

7

- 22.2%

Pending Sales

0

1

––

7

7

0.0%

Closed Sales

0

2

––

5

6

+ 20.0%

Days on Market Until Sale

––

9

––

9

9

0.0%

Median Sales Price*

––

$206,000

––

$147,500

$206,000

+ 39.7%

Average Sales Price*

––

$206,000

––

$159,300

$203,167

+ 27.5%

Percent of List Price Received*

––

97.3%

––

98.8%

98.8%

0.0%

Inventory of Homes for Sale

2

0

- 100.0%

––

––

––

Months Supply of Inventory

1.4

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Greater Manhattan

$450,000

Rolling 12-Month Calculation

Gallatin County Greater Manhattan

$300,000

$400,000

$250,000

$350,000 $200,000 $300,000 $150,000 $250,000 $100,000 $200,000 $50,000

$150,000

$100,000 1-2003

$0 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Greater Three Forks Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

5

10

+ 100.0%

51

67

+ 31.4%

Pending Sales

6

5

- 16.7%

29

44

+ 51.7%

Closed Sales

7

7

0.0%

24

39

+ 62.5%

Days on Market Until Sale

20

25

+ 25.0%

69

42

- 39.1%

Median Sales Price*

$260,000

$250,000

- 3.8%

$248,750

$250,000

+ 0.5%

Average Sales Price*

$269,652

$259,871

- 3.6%

$248,882

$245,997

- 1.2%

97.5%

97.9%

+ 0.4%

96.9%

98.7%

+ 1.9%

Inventory of Homes for Sale

21

27

+ 28.6%

––

––

––

Months Supply of Inventory

6.0

5.9

- 1.7%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

0

0

––

0

1

––

Pending Sales

0

0

––

1

3

+ 200.0%

Closed Sales

0

0

––

2

5

+ 150.0%

Days on Market Until Sale

––

––

––

154

302

+ 96.1%

Median Sales Price*

––

––

––

$238,368

$215,000

- 9.8%

Average Sales Price*

––

––

––

$238,368

$215,000

- 9.8%

Percent of List Price Received*

––

––

––

101.4%

100.0%

- 1.4%

Inventory of Homes for Sale

7

0

- 100.0%

––

––

––

Months Supply of Inventory

7.0

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Greater Three Forks

$500,000

Rolling 12-Month Calculation

Gallatin County Greater Three Forks

$300,000

$400,000 $250,000

$300,000 $200,000 $200,000

$150,000 $100,000

$0 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Greater Big Sky Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

5

9

+ 80.0%

86

86

0.0%

Pending Sales

6

11

+ 83.3%

58

79

+ 36.2%

Closed Sales

11

10

- 9.1%

47

60

+ 27.7%

Days on Market Until Sale

177

94

- 46.9%

236

136

- 42.4%

Median Sales Price*

$1,097,500

$1,549,500

+ 41.2%

$1,237,500

$1,518,000

+ 22.7%

Average Sales Price*

$1,076,700

$1,890,650

+ 75.6%

$1,401,832

$1,687,035

+ 20.3%

93.7%

97.3%

+ 3.8%

94.5%

96.7%

+ 2.3%

Inventory of Homes for Sale

81

56

- 30.9%

––

––

––

Months Supply of Inventory

11.9

6.8

- 42.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

16

6

- 62.5%

140

109

- 22.1%

Pending Sales

20

12

- 40.0%

129

134

+ 3.9%

Closed Sales

16

19

+ 18.8%

113

127

+ 12.4%

Days on Market Until Sale

115

90

- 21.7%

143

112

- 21.7%

Median Sales Price*

$352,500

$409,000

+ 16.0%

$365,000

$405,000

+ 11.0%

Average Sales Price*

$450,602

$441,368

- 2.0%

$459,378

$514,767

+ 12.1%

94.5%

96.0%

+ 1.6%

96.3%

96.4%

+ 0.1%

Inventory of Homes for Sale

102

69

- 32.4%

––

––

––

Months Supply of Inventory

6.8

4.7

- 30.9%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Greater Big Sky

$2,000,000

Rolling 12-Month Calculation

Gallatin County Greater Big Sky

$600,000

$500,000 $1,500,000 $400,000

$1,000,000

$300,000

$200,000 $500,000 $100,000

$0 1-2003

$0 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

West Yellowstone Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

4

5

+ 25.0%

40

21

- 47.5%

Pending Sales

3

4

+ 33.3%

22

24

+ 9.1%

Closed Sales

5

5

0.0%

17

19

+ 11.8%

Days on Market Until Sale

27

257

+ 851.9%

152

259

+ 70.4%

Median Sales Price*

$250,000

$457,500

+ 83.0%

$335,000

$375,000

+ 11.9%

Average Sales Price*

$371,900

$590,500

+ 58.8%

$403,941

$401,184

- 0.7%

97.6%

95.0%

- 2.7%

95.2%

96.2%

+ 1.1%

Inventory of Homes for Sale

32

11

- 65.6%

––

––

––

Months Supply of Inventory

11.4

3.3

- 71.1%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

2

1

- 50.0%

8

1

- 87.5%

Pending Sales

0

0

––

4

0

- 100.0%

Closed Sales

1

0

- 100.0%

4

3

- 25.0%

Days on Market Until Sale

4

––

––

22

126

+ 472.7%

Median Sales Price*

$91,000

––

––

$148,250

$275,000

+ 85.5%

Average Sales Price*

$91,000

––

––

$146,100

$213,833

+ 46.4%

Percent of List Price Received*

101.2%

––

––

99.7%

87.8%

- 11.9%

Inventory of Homes for Sale

4

1

- 75.0%

––

––

––

Months Supply of Inventory

4.0

0.4

- 90.0%

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County West Yellowstone

$450,000

Rolling 12-Month Calculation

Gallatin County West Yellowstone

$300,000

$400,000 $250,000 $350,000 $200,000

$300,000

$250,000

$150,000

$200,000 $100,000 $150,000

$100,000 1-2003

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Livingston City Limits Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

21

10

- 52.4%

123

122

- 0.8%

Pending Sales

14

14

0.0%

123

97

- 21.1%

Closed Sales

21

15

- 28.6%

108

94

- 13.0%

Days on Market Until Sale

30

40

+ 33.3%

55

53

- 3.6%

Median Sales Price*

$179,000

$270,000

+ 50.8%

$221,000

$270,000

+ 22.2%

Average Sales Price*

$205,729

$286,077

+ 39.1%

$227,490

$278,272

+ 22.3%

97.9%

98.3%

+ 0.4%

97.3%

97.7%

+ 0.4%

Inventory of Homes for Sale

28

36

+ 28.6%

––

––

––

Months Supply of Inventory

2.2

3.3

+ 50.0%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

5

2

- 60.0%

21

30

+ 42.9%

Pending Sales

3

0

- 100.0%

15

25

+ 66.7%

Closed Sales

2

3

+ 50.0%

10

22

+ 120.0%

Days on Market Until Sale

18

30

+ 66.7%

28

52

+ 85.7%

Median Sales Price*

$137,950

$261,000

+ 89.2%

$142,450

$217,500

+ 52.7%

Average Sales Price*

$137,950

$256,333

+ 85.8%

$152,379

$206,377

+ 35.4%

98.6%

95.8%

- 2.8%

95.6%

97.8%

+ 2.3%

Inventory of Homes for Sale

7

11

+ 57.1%

––

––

––

Months Supply of Inventory

3.1

2.5

- 19.4%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family Rolling 12-Month Calculation

Median Sales Price - Condo Gallatin County Livingston City Limits

Rolling 12-Month Calculation

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000

$100,000

$0 1-2003

Gallatin County Livingston City Limits

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Gallatin County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

202

189

- 6.4%

1,493

1,491

- 0.1%

Pending Sales

144

153

+ 6.3%

1,119

1,145

+ 2.3%

Closed Sales

157

179

+ 14.0%

1,035

1,069

+ 3.3%

Days on Market Until Sale

55

54

- 1.8%

71

58

- 18.3%

Median Sales Price*

$381,011

$430,000

+ 12.9%

$370,000

$410,000

+ 10.8%

Average Sales Price*

$513,664

$605,983

+ 18.0%

$480,579

$545,259

+ 13.5%

98.1%

97.9%

- 0.2%

98.6%

98.6%

0.0%

Inventory of Homes for Sale

573

539

- 5.9%

––

––

––

Months Supply of Inventory

4.6

4.1

- 10.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

76

86

+ 13.2%

694

639

- 7.9%

Pending Sales

68

76

+ 11.8%

593

603

+ 1.7%

Closed Sales

83

81

- 2.4%

503

559

+ 11.1%

Days on Market Until Sale

56

38

- 32.1%

81

63

- 22.2%

Median Sales Price*

$271,000

$295,500

+ 9.0%

$260,000

$291,025

+ 11.9%

Average Sales Price*

$322,038

$331,222

+ 2.9%

$325,064

$358,900

+ 10.4%

98.9%

98.5%

- 0.4%

98.9%

98.7%

- 0.2%

Inventory of Homes for Sale

225

201

- 10.7%

––

––

––

Months Supply of Inventory

3.4

3.0

- 11.8%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County

$450,000

Rolling 12-Month Calculation

Gallatin County

$300,000

$400,000 $250,000 $350,000

$300,000

$200,000

$250,000 $150,000 $200,000

$150,000 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Park County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

28

14

- 50.0%

202

176

- 12.9%

Pending Sales

20

22

+ 10.0%

172

134

- 22.1%

Closed Sales

28

21

- 25.0%

155

128

- 17.4%

Days on Market Until Sale

35

50

+ 42.9%

75

78

+ 4.0%

Median Sales Price*

$197,500

$281,000

+ 42.3%

$261,500

$286,425

+ 9.5%

Average Sales Price*

$262,261

$381,409

+ 45.4%

$298,601

$330,981

+ 10.8%

97.8%

97.5%

- 0.3%

96.8%

97.0%

+ 0.2%

Inventory of Homes for Sale

80

72

- 10.0%

––

––

––

Months Supply of Inventory

4.2

4.7

+ 11.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

5

2

- 60.0%

24

31

+ 29.2%

Pending Sales

3

0

- 100.0%

15

25

+ 66.7%

Closed Sales

2

3

+ 50.0%

10

22

+ 120.0%

Days on Market Until Sale

18

30

+ 66.7%

28

52

+ 85.7%

Median Sales Price*

$137,950

$261,000

+ 89.2%

$142,450

$217,500

+ 52.7%

Average Sales Price*

$137,950

$256,333

+ 85.8%

$152,379

$206,377

+ 35.4%

98.6%

95.8%

- 2.8%

95.6%

97.8%

+ 2.3%

Inventory of Homes for Sale

10

12

+ 20.0%

––

––

––

Months Supply of Inventory

4.4

2.7

- 38.6%

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Park County

Rolling 12-Month Calculation

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000

$100,000

$0 1-2003

Gallatin County Park County

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Beaverhead County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

16

8

- 50.0%

104

116

+ 11.5%

Pending Sales

11

10

- 9.1%

68

78

+ 14.7%

Closed Sales

16

15

- 6.3%

64

66

+ 3.1%

Days on Market Until Sale

47

36

- 23.4%

96

81

- 15.6%

Median Sales Price*

$174,250

$176,000

+ 1.0%

$175,000

$187,500

+ 7.1%

Average Sales Price*

$185,388

$192,073

+ 3.6%

$201,691

$221,814

+ 10.0%

93.3%

97.3%

+ 4.3%

94.1%

96.1%

+ 2.1%

Inventory of Homes for Sale

57

60

+ 5.3%

––

––

––

Months Supply of Inventory

7.4

7.6

+ 2.7%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

2

0

- 100.0%

4

1

- 75.0%

Pending Sales

0

0

––

2

2

0.0%

Closed Sales

0

0

––

2

2

0.0%

Days on Market Until Sale

––

––

––

43

111

+ 158.1%

Median Sales Price*

––

––

––

$139,000

$158,000

+ 13.7%

Average Sales Price*

––

––

––

$139,000

$158,000

+ 13.7%

Percent of List Price Received*

––

––

––

99.0%

98.2%

- 0.8%

Inventory of Homes for Sale

2

0

- 100.0%

––

––

––

Months Supply of Inventory

2.0

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Beaverhead County

Rolling 12-Month Calculation

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000

$100,000

$0 1-2003

Gallatin County Beaverhead County

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Madison County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

17

12

- 29.4%

145

163

+ 12.4%

Pending Sales

9

17

+ 88.9%

73

83

+ 13.7%

Closed Sales

12

8

- 33.3%

64

76

+ 18.8%

Days on Market Until Sale

199

142

- 28.6%

165

112

- 32.1%

Median Sales Price*

$244,500

$472,500

+ 93.3%

$241,750

$302,250

+ 25.0%

Average Sales Price*

$283,792

$472,750

+ 66.6%

$285,264

$358,434

+ 25.6%

96.6%

94.3%

- 2.4%

95.4%

96.6%

+ 1.3%

Inventory of Homes for Sale

138

131

- 5.1%

––

––

––

Months Supply of Inventory

16.7

12.8

- 23.4%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

0

0

––

8

2

- 75.0%

Pending Sales

1

0

- 100.0%

4

1

- 75.0%

Closed Sales

1

1

0.0%

3

1

- 66.7%

Days on Market Until Sale

41

49

+ 19.5%

91

49

- 46.2%

Median Sales Price*

$173,700

$192,300

+ 10.7%

$173,700

$192,300

+ 10.7%

Average Sales Price*

$173,700

$192,300

+ 10.7%

$190,400

$192,300

+ 1.0%

96.6%

96.6%

0.0%

95.1%

96.6%

+ 1.6%

Inventory of Homes for Sale

4

0

- 100.0%

––

––

––

Months Supply of Inventory

4.0

––

––

––

––

––

Percent of List Price Received*

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Madison County

Rolling 12-Month Calculation

$500,000

$300,000

$400,000

$250,000

$300,000

$200,000

$200,000

$150,000

$100,000

$100,000

$0 1-2003

Gallatin County Madison County

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Jefferson County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

11

4

- 63.6%

47

44

- 6.4%

Pending Sales

5

2

- 60.0%

27

26

- 3.7%

Closed Sales

3

2

- 33.3%

24

26

+ 8.3%

106

45

- 57.5%

177

102

- 42.4%

Median Sales Price*

$176,000

$215,450

+ 22.4%

$189,000

$275,000

+ 45.5%

Average Sales Price*

$232,000

$215,450

- 7.1%

$241,850

$284,662

+ 17.7%

93.4%

97.5%

+ 4.4%

94.8%

97.6%

+ 3.0%

Inventory of Homes for Sale

32

25

- 21.9%

––

––

––

Months Supply of Inventory

9.5

7.2

- 24.2%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

0

0

––

0

0

––

Pending Sales

0

0

––

0

0

––

Closed Sales

0

0

––

0

0

––

Days on Market Until Sale

––

––

––

––

––

––

Median Sales Price*

––

––

––

––

––

––

Average Sales Price*

––

––

––

––

––

––

Percent of List Price Received*

––

––

––

––

––

––

Inventory of Homes for Sale

0

0

––

––

––

––

Months Supply of Inventory

––

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Jefferson County

$500,000

Rolling 12-Month Calculation

Gallatin County Jefferson County

$300,000

$400,000 $250,000

$300,000 $200,000 $200,000

$150,000 $100,000

$0 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Broadwater County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

6

13

+ 116.7%

55

64

+ 16.4%

Pending Sales

2

6

+ 200.0%

35

32

- 8.6%

Closed Sales

5

3

- 40.0%

32

24

- 25.0%

Days on Market Until Sale

98

95

- 3.1%

107

80

- 25.2%

Median Sales Price*

$275,000

$310,000

+ 12.7%

$261,500

$269,500

+ 3.1%

Average Sales Price*

$313,500

$271,667

- 13.3%

$272,306

$246,763

- 9.4%

97.5%

95.9%

- 1.6%

98.0%

95.7%

- 2.3%

Inventory of Homes for Sale

20

32

+ 60.0%

––

––

––

Months Supply of Inventory

6.0

8.3

+ 38.3%

––

––

––

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

0

0

––

0

0

––

Pending Sales

0

0

––

0

0

––

Closed Sales

0

0

––

0

0

––

Days on Market Until Sale

––

––

––

––

––

––

Median Sales Price*

––

––

––

––

––

––

Average Sales Price*

––

––

––

––

––

––

Percent of List Price Received*

––

––

––

––

––

––

Inventory of Homes for Sale

0

0

––

––

––

––

Months Supply of Inventory

––

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Broadwater County

$500,000

Rolling 12-Month Calculation

Gallatin County Broadwater County

$300,000

$400,000 $250,000

$300,000 $200,000 $200,000

$150,000 $100,000

$0 1-2003

$100,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS

Sweet Grass County Single Family

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

5

6

+ 20.0%

48

46

- 4.2%

Pending Sales

5

4

- 20.0%

27

24

- 11.1%

Closed Sales

2

7

+ 250.0%

19

22

+ 15.8%

158

50

- 68.4%

150

81

- 46.0%

Median Sales Price*

$213,500

$343,000

+ 60.7%

$168,000

$199,500

+ 18.8%

Average Sales Price*

$213,500

$315,286

+ 47.7%

$195,824

$235,398

+ 20.2%

95.1%

97.1%

+ 2.1%

93.7%

96.4%

+ 2.9%

Inventory of Homes for Sale

37

27

- 27.0%

––

––

––

Months Supply of Inventory

12.3

9.0

- 26.8%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

August

Year to Date

Key Metrics

2017

2018

% Change

Thru 8-2017

Thru 8-2018

% Change

New Listings

0

0

––

2

0

- 100.0%

Pending Sales

1

0

- 100.0%

2

0

- 100.0%

Closed Sales

0

0

––

2

0

- 100.0%

Days on Market Until Sale

––

––

––

53

––

––

Median Sales Price*

––

––

––

$104,750

––

––

Average Sales Price*

––

––

––

$104,750

––

––

Percent of List Price Received*

––

––

––

96.0%

––

––

Inventory of Homes for Sale

0

0

––

––

––

––

Months Supply of Inventory

––

––

––

––

––

––

* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

Median Sales Price - Single Family

Median Sales Price - Condo

Rolling 12-Month Calculation

Gallatin County Sweet Grass County

$600,000

Rolling 12-Month Calculation

Gallatin County Sweet Grass County

$300,000

$500,000

$250,000

$400,000 $200,000 $300,000 $150,000 $200,000 $100,000

$100,000

$0 1-2003

$50,000 1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

1-2003

1-2005

1-2007

1-2009

1-2011

1-2013

1-2015

1-2017

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.