May 2018 Local Market Update

BOZEMAN

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

Bozeman Brokerage

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

Bozeman City Limits Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

73

76

+ 4.1%

303

295

- 2.6%

Pending Sales

62

57

- 8.1%

260

263

+ 1.2%

Closed Sales

62

64

+ 3.2%

196

229

+ 16.8%

Days on Market Until Sale

40

35

- 12.5%

65

53

- 18.5%

Median Sales Price*

$380,362

$405,000

+ 6.5%

$375,000

$418,760

+ 11.7%

Average Sales Price*

$412,326

$424,305

+ 2.9%

$411,966

$451,338

+ 9.6%

99.4%

100.1%

+ 0.7%

99.6%

99.5%

- 0.1%

Inventory of Homes for Sale

118

109

- 7.6%

––

––

––

Months Supply of Inventory

2.5

2.3

- 8.0%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

64

46

- 28.1%

247

199

- 19.4%

Pending Sales

52

46

- 11.5%

211

204

- 3.3%

Closed Sales

44

40

- 9.1%

153

157

+ 2.6%

Days on Market Until Sale

14

52

+ 271.4%

93

66

- 29.0%

Median Sales Price*

$255,000

$302,500

+ 18.6%

$274,000

$299,900

+ 9.5%

Average Sales Price*

$266,240

$340,108

+ 27.7%

$314,637

$352,079

+ 11.9%

99.7%

99.2%

- 0.5%

99.6%

99.5%

- 0.1%

Inventory of Homes for Sale

76

74

- 2.6%

––

––

––

Months Supply of Inventory

2.1

2.1

0.0%

––

––

––

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 Rolling 12-Month Calculation

Median Sales Price - Condo 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Bozeman Areas Outside City Limits Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

70

70

0.0%

260

249

- 4.2%

Pending Sales

41

41

0.0%

188

191

+ 1.6%

Closed Sales

35

43

+ 22.9%

149

148

- 0.7%

Days on Market Until Sale

78

63

- 19.2%

98

72

- 26.5%

Median Sales Price*

$437,944

$492,900

+ 12.5%

$420,000

$490,200

+ 16.7%

Average Sales Price*

$543,122

$629,405

+ 15.9%

$572,885

$654,650

+ 14.3%

97.8%

98.9%

+ 1.1%

97.4%

98.3%

+ 0.9%

Inventory of Homes for Sale

170

144

- 15.3%

––

––

––

Months Supply of Inventory

4.5

4.2

- 6.7%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

5

10

+ 100.0%

32

35

+ 9.4%

Pending Sales

7

8

+ 14.3%

25

32

+ 28.0%

Closed Sales

2

9

+ 350.0%

13

29

+ 123.1%

Days on Market Until Sale

3

9

+ 200.0%

74

21

- 71.6%

Median Sales Price*

$249,950

$280,000

+ 12.0%

$247,900

$279,900

+ 12.9%

Average Sales Price*

$249,950

$294,971

+ 18.0%

$277,535

$284,137

+ 2.4%

100.6%

99.0%

- 1.6%

98.1%

99.9%

+ 1.8%

Inventory of Homes for Sale

7

6

- 14.3%

––

––

––

Months Supply of Inventory

1.4

1.0

- 28.6%

––

––

––

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 Rolling 12-Month Calculation

Median Sales Price - Condo

Gallatin County Bozeman Areas Outside City Limits

Rolling 12-Month Calculation

$500,000

$400,000

$450,000

$350,000

$400,000

$300,000

$350,000

$250,000

$300,000

$200,000

$250,000

$150,000

$200,000

$100,000

$150,000 1-2003

Gallatin County Bozeman Areas Outside 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Belgrade Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

49

52

+ 6.1%

170

171

+ 0.6%

Pending Sales

37

41

+ 10.8%

164

153

- 6.7%

Closed Sales

26

33

+ 26.9%

122

120

- 1.6%

Days on Market Until Sale

34

49

+ 44.1%

55

43

- 21.8%

Median Sales Price*

$279,400

$332,500

+ 19.0%

$275,000

$299,200

+ 8.8%

Average Sales Price*

$308,140

$347,724

+ 12.8%

$301,057

$330,960

+ 9.9%

100.0%

97.8%

- 2.2%

98.9%

98.6%

- 0.3%

Inventory of Homes for Sale

37

48

+ 29.7%

––

––

––

Months Supply of Inventory

1.3

1.7

+ 30.8%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

10

19

+ 90.0%

41

58

+ 41.5%

Pending Sales

8

16

+ 100.0%

37

49

+ 32.4%

Closed Sales

6

8

+ 33.3%

24

29

+ 20.8%

Days on Market Until Sale

41

6

- 85.4%

32

24

- 25.0%

Median Sales Price*

$165,500

$168,250

+ 1.7%

$170,000

$210,000

+ 23.5%

Average Sales Price*

$178,583

$173,863

- 2.6%

$178,150

$213,362

+ 19.8%

98.3%

101.6%

+ 3.4%

99.4%

100.1%

+ 0.7%

Inventory of Homes for Sale

10

17

+ 70.0%

––

––

––

Months Supply of Inventory

1.4

2.1

+ 50.0%

––

––

––

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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Greater Manhattan Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

4

13

+ 225.0%

34

39

+ 14.7%

Pending Sales

6

5

- 16.7%

29

31

+ 6.9%

Closed Sales

11

3

- 72.7%

24

25

+ 4.2%

Days on Market Until Sale

72

63

- 12.5%

64

95

+ 48.4%

Median Sales Price*

$302,000

$400,000

+ 32.5%

$304,500

$387,000

+ 27.1%

Average Sales Price*

$365,398

$394,467

+ 8.0%

$370,724

$462,022

+ 24.6%

99.6%

98.8%

- 0.8%

98.5%

98.8%

+ 0.3%

Inventory of Homes for Sale

19

26

+ 36.8%

––

––

––

Months Supply of Inventory

3.4

5.0

+ 47.1%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

0

1

––

4

4

0.0%

Pending Sales

0

1

––

4

4

0.0%

Closed Sales

0

1

––

1

1

0.0%

Days on Market Until Sale

––

2

––

14

2

- 85.7%

Median Sales Price*

––

$220,000

––

$147,500

$220,000

+ 49.2%

Average Sales Price*

––

$220,000

––

$147,500

$220,000

+ 49.2%

Percent of List Price Received*

––

100.0%

––

92.8%

100.0%

+ 7.8%

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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Greater Three Forks Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

10

7

- 30.0%

26

36

+ 38.5%

Pending Sales

3

9

+ 200.0%

12

28

+ 133.3%

Closed Sales

3

1

- 66.7%

9

11

+ 22.2%

108

13

- 88.0%

132

65

- 50.8%

Median Sales Price*

$227,600

$297,000

+ 30.5%

$211,000

$257,000

+ 21.8%

Average Sales Price*

$231,367

$297,000

+ 28.4%

$202,922

$247,482

+ 22.0%

92.6%

99.3%

+ 7.2%

95.9%

98.2%

+ 2.4%

Inventory of Homes for Sale

18

18

0.0%

––

––

––

Months Supply of Inventory

5.6

3.8

- 32.1%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

0

0

––

0

1

––

Pending Sales

0

0

––

0

3

––

Closed Sales

0

0

––

0

5

––

Days on Market Until Sale

––

––

––

––

302

––

Median Sales Price*

––

––

––

––

$215,000

––

Average Sales Price*

––

––

––

––

$215,000

––

Percent of List Price Received*

––

––

––

––

100.0%

––

Inventory of Homes for Sale

9

0

- 100.0%

––

––

––

Months Supply of Inventory

9.0

––

––

––

––

––

* 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 Rolling 12-Month Calculation

Median Sales Price - Condo 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Greater Big Sky Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

11

13

+ 18.2%

41

50

+ 22.0%

Pending Sales

5

1

- 80.0%

30

46

+ 53.3%

Closed Sales

4

7

+ 75.0%

22

34

+ 54.5%

232

98

- 57.8%

184

144

- 21.7%

Median Sales Price*

$1,062,500

$1,675,000

+ 57.6%

$1,067,500

$1,566,000

+ 46.7%

Average Sales Price*

$1,113,750

$1,668,286

+ 49.8%

$1,404,677

$1,795,965

+ 27.9%

95.2%

96.1%

+ 0.9%

95.1%

97.0%

+ 2.0%

Inventory of Homes for Sale

79

61

- 22.8%

––

––

––

Months Supply of Inventory

12.1

7.8

- 35.5%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

23

10

- 56.5%

88

73

- 17.0%

Pending Sales

6

14

+ 133.3%

79

88

+ 11.4%

Closed Sales

19

25

+ 31.6%

70

87

+ 24.3%

Days on Market Until Sale

142

80

- 43.7%

160

110

- 31.3%

Median Sales Price*

$278,000

$405,000

+ 45.7%

$356,950

$399,000

+ 11.8%

Average Sales Price*

$339,384

$500,912

+ 47.6%

$438,854

$491,136

+ 11.9%

95.8%

96.8%

+ 1.0%

96.4%

96.7%

+ 0.3%

Inventory of Homes for Sale

112

86

- 23.2%

––

––

––

Months Supply of Inventory

7.3

5.7

- 21.9%

––

––

––

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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

West Yellowstone Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

5

0

- 100.0%

17

6

- 64.7%

Pending Sales

2

2

0.0%

11

12

+ 9.1%

Closed Sales

1

3

+ 200.0%

5

9

+ 80.0%

162

146

- 9.9%

208

143

- 31.3%

Median Sales Price*

$382,000

$360,000

- 5.8%

$382,000

$309,000

- 19.1%

Average Sales Price*

$382,000

$346,833

- 9.2%

$430,100

$302,556

- 29.7%

95.7%

95.7%

0.0%

96.1%

96.1%

0.0%

Inventory of Homes for Sale

28

13

- 53.6%

––

––

––

Months Supply of Inventory

11.2

4.1

- 63.4%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

4

0

- 100.0%

5

0

- 100.0%

Pending Sales

1

0

- 100.0%

2

0

- 100.0%

Closed Sales

1

0

- 100.0%

2

3

+ 50.0%

Days on Market Until Sale

58

––

––

37

126

+ 240.5%

Median Sales Price*

$195,000

––

––

$195,950

$275,000

+ 40.3%

Average Sales Price*

$195,000

––

––

$195,950

$213,833

+ 9.1%

95.1%

––

––

97.0%

87.8%

- 9.5%

Inventory of Homes for Sale

3

0

- 100.0%

––

––

––

Months Supply of Inventory

3.0

––

––

––

––

––

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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Livingston City Limits Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

14

28

+ 100.0%

68

72

+ 5.9%

Pending Sales

17

18

+ 5.9%

76

58

- 23.7%

Closed Sales

14

12

- 14.3%

53

48

- 9.4%

Days on Market Until Sale

49

86

+ 75.5%

70

56

- 20.0%

Median Sales Price*

$220,000

$302,000

+ 37.3%

$220,000

$265,000

+ 20.5%

Average Sales Price*

$213,779

$294,845

+ 37.9%

$224,584

$274,572

+ 22.3%

97.4%

99.0%

+ 1.6%

96.8%

97.4%

+ 0.6%

Inventory of Homes for Sale

24

33

+ 37.5%

––

––

––

Months Supply of Inventory

2.0

2.8

+ 40.0%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

3

8

+ 166.7%

9

18

+ 100.0%

Pending Sales

3

6

+ 100.0%

6

19

+ 216.7%

Closed Sales

0

4

––

2

13

+ 550.0%

Days on Market Until Sale

––

56

––

45

43

- 4.4%

Median Sales Price*

––

$177,000

––

$236,500

$218,000

- 7.8%

Average Sales Price*

––

$184,100

––

$236,500

$207,485

- 12.3%

Percent of List Price Received*

––

99.4%

––

94.8%

97.8%

+ 3.2%

Inventory of Homes for Sale

4

6

+ 50.0%

––

––

––

Months Supply of Inventory

2.2

1.4

- 36.4%

––

––

––

* 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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Gallatin County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

222

228

+ 2.7%

839

839

0.0%

Pending Sales

155

155

0.0%

688

719

+ 4.5%

Closed Sales

140

153

+ 9.3%

522

572

+ 9.6%

Days on Market Until Sale

56

51

- 8.9%

79

63

- 20.3%

Median Sales Price*

$373,000

$407,000

+ 9.1%

$363,200

$407,000

+ 12.1%

Average Sales Price*

$434,226

$519,475

+ 19.6%

$466,228

$546,786

+ 17.3%

98.8%

99.0%

+ 0.2%

98.5%

98.8%

+ 0.3%

Inventory of Homes for Sale

457

410

- 10.3%

––

––

––

Months Supply of Inventory

3.6

3.1

- 13.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

106

86

- 18.9%

417

370

- 11.3%

Pending Sales

74

85

+ 14.9%

358

380

+ 6.1%

Closed Sales

72

83

+ 15.3%

263

311

+ 18.3%

Days on Market Until Sale

51

51

0.0%

103

74

- 28.2%

Median Sales Price*

$251,000

$293,900

+ 17.1%

$270,000

$291,025

+ 7.8%

Average Sales Price*

$276,795

$366,178

+ 32.3%

$331,871

$367,747

+ 10.8%

98.5%

98.7%

+ 0.2%

98.6%

98.7%

+ 0.1%

Inventory of Homes for Sale

217

183

- 15.7%

––

––

––

Months Supply of Inventory

3.4

2.7

- 20.6%

––

––

––

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

$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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Park County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

24

38

+ 58.3%

115

104

- 9.6%

Pending Sales

20

22

+ 10.0%

102

78

- 23.5%

Closed Sales

22

17

- 22.7%

81

67

- 17.3%

Days on Market Until Sale

67

100

+ 49.3%

89

93

+ 4.5%

Median Sales Price*

$227,500

$305,000

+ 34.1%

$239,500

$299,000

+ 24.8%

Average Sales Price*

$288,155

$353,626

+ 22.7%

$283,934

$333,537

+ 17.5%

96.2%

97.7%

+ 1.6%

96.0%

96.2%

+ 0.2%

Inventory of Homes for Sale

74

67

- 9.5%

––

––

––

Months Supply of Inventory

4.4

4.0

- 9.1%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

4

8

+ 100.0%

12

19

+ 58.3%

Pending Sales

3

6

+ 100.0%

6

19

+ 216.7%

Closed Sales

0

4

––

2

13

+ 550.0%

Days on Market Until Sale

––

56

––

45

43

- 4.4%

Median Sales Price*

––

$177,000

––

$236,500

$218,000

- 7.8%

Average Sales Price*

––

$184,100

––

$236,500

$207,485

- 12.3%

Percent of List Price Received*

––

99.4%

––

94.8%

97.8%

+ 3.2%

Inventory of Homes for Sale

7

7

0.0%

––

––

––

Months Supply of Inventory

3.8

1.6

- 57.9%

––

––

––

* 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Beaverhead County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

10

12

+ 20.0%

43

58

+ 34.9%

Pending Sales

8

14

+ 75.0%

35

41

+ 17.1%

Closed Sales

10

11

+ 10.0%

34

24

- 29.4%

Days on Market Until Sale

81

128

+ 58.0%

121

110

- 9.1%

Median Sales Price*

$215,000

$185,000

- 14.0%

$172,500

$177,250

+ 2.8%

Average Sales Price*

$255,400

$197,045

- 22.8%

$199,587

$190,975

- 4.3%

96.1%

95.3%

- 0.8%

94.1%

94.0%

- 0.1%

Inventory of Homes for Sale

44

50

+ 13.6%

––

––

––

Months Supply of Inventory

5.6

6.6

+ 17.9%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

0

0

––

2

1

- 50.0%

Pending Sales

0

1

––

2

2

0.0%

Closed Sales

0

1

––

0

1

––

Days on Market Until Sale

––

207

––

––

207

––

Median Sales Price*

––

$138,000

––

––

$138,000

––

Average Sales Price*

––

$138,000

––

––

$138,000

––

Percent of List Price Received*

––

97.2%

––

––

97.2%

––

Inventory of Homes for Sale

0

2

––

––

––

––

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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Madison County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

26

36

+ 38.5%

83

108

+ 30.1%

Pending Sales

15

10

- 33.3%

44

52

+ 18.2%

Closed Sales

9

9

0.0%

32

39

+ 21.9%

316

117

- 63.0%

183

122

- 33.3%

Median Sales Price*

$235,000

$245,000

+ 4.3%

$243,950

$325,000

+ 33.2%

Average Sales Price*

$271,711

$254,500

- 6.3%

$325,181

$346,131

+ 6.4%

93.2%

99.9%

+ 7.2%

94.2%

97.8%

+ 3.8%

Inventory of Homes for Sale

125

124

- 0.8%

––

––

––

Months Supply of Inventory

12.6

12.3

- 2.4%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

8

0

- 100.0%

8

2

- 75.0%

Pending Sales

1

1

0.0%

2

1

- 50.0%

Closed Sales

0

0

––

1

0

- 100.0%

Days on Market Until Sale

––

––

––

232

––

––

Median Sales Price*

––

––

––

$225,000

––

––

Average Sales Price*

––

––

––

$225,000

––

––

Percent of List Price Received*

––

––

––

90.0%

––

––

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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Jefferson County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

7

3

- 57.1%

23

30

+ 30.4%

Pending Sales

2

4

+ 100.0%

15

18

+ 20.0%

Closed Sales

7

6

- 14.3%

14

17

+ 21.4%

Days on Market Until Sale

61

136

+ 123.0%

90

135

+ 50.0%

Median Sales Price*

$159,500

$260,000

+ 63.0%

$189,000

$275,000

+ 45.5%

Average Sales Price*

$226,833

$250,583

+ 10.5%

$231,185

$265,441

+ 14.8%

98.5%

102.7%

+ 4.3%

95.6%

98.1%

+ 2.6%

Inventory of Homes for Sale

25

26

+ 4.0%

––

––

––

Months Supply of Inventory

7.6

6.8

- 10.5%

––

––

––

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Broadwater County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

8

7

- 12.5%

36

27

- 25.0%

Pending Sales

5

4

- 20.0%

23

16

- 30.4%

Closed Sales

5

6

+ 20.0%

16

14

- 12.5%

104

93

- 10.6%

120

68

- 43.3%

Median Sales Price*

$261,000

$279,950

+ 7.3%

$265,000

$277,450

+ 4.7%

Average Sales Price*

$281,300

$274,400

- 2.5%

$268,019

$268,050

+ 0.0%

98.8%

96.4%

- 2.4%

98.1%

98.1%

0.0%

Inventory of Homes for Sale

24

17

- 29.2%

––

––

––

Months Supply of Inventory

6.5

5.0

- 23.1%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

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

Sweet Grass County Single Family

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

11

9

- 18.2%

29

21

- 27.6%

Pending Sales

5

2

- 60.0%

13

10

- 23.1%

Closed Sales

4

4

0.0%

11

8

- 27.3%

102

78

- 23.5%

189

109

- 42.3%

Median Sales Price*

$144,000

$186,000

+ 29.2%

$150,000

$186,000

+ 24.0%

Average Sales Price*

$152,250

$228,169

+ 49.9%

$182,614

$224,084

+ 22.7%

95.8%

98.5%

+ 2.8%

93.0%

95.1%

+ 2.3%

Inventory of Homes for Sale

34

22

- 35.3%

––

––

––

Months Supply of Inventory

11.0

7.3

- 33.6%

––

––

––

Days on Market Until Sale

Percent of List Price Received*

Condo/Townhouse

May

Year to Date

Key Metrics

2017

2018

% Change

Thru 5-2017

Thru 5-2018

% Change

New Listings

0

0

––

1

0

- 100.0%

Pending Sales

1

0

- 100.0%

1

0

- 100.0%

Closed Sales

1

0

- 100.0%

2

0

- 100.0%

Days on Market Until Sale

47

––

––

53

––

––

Median Sales Price*

$101,000

––

––

$104,750

––

––

Average Sales Price*

$101,000

––

––

$104,750

––

––

95.7%

––

––

96.0%

––

––

Inventory of Homes for Sale

0

0

––

––

––

––

Months Supply of Inventory

––

––

––

––

––

––

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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.