Monthly Indicators June 2022 Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market. To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher prices, coupled with 30-year fixed mortgage rates approaching 6%, have exacerbated affordability challenges and rapidly cooled demand, with home sales and mortgage applications falling sharply from a year ago. New Listings increased 4.0 percent for Single Family but decreased 44.7 percent for Townhouse/Condo. Pending Sales decreased 28.4 percent for Single Family and 54.9 percent for Townhouse/Condo. Inventory increased 34.6 percent for Single Family and 37.2 percent for Townhouse/Condo. Median Sales Price increased 26.6 percent to $690,000 for Single Family and 44.7 percent to $600,500 for Townhouse/Condo. Days on Market increased 73.8 percent for Single Family and 67.7 percent for Townhouse/Condo. Months Supply of Inventory increased 89.5 percent for Single Family and 115.8 percent for Townhouse/Condo. With monthly mortgage payments up more than 50% compared to this time last year, the rising costs of homeownership have sidelined many prospective buyers. Nationally, the median sales price of existing homes recently exceeded $400,000 for the first time ever, a 15% increase from the same period a year ago, according to the National Association of REALTORS®. As existing home sales continue to soften nationwide, housing supply is slowly improving, with inventory up for the second straight month. In time, price growth is expected to moderate as supply grows; for now, however, inventory remains low, and buyers are feeling the squeeze of higher prices all around.
Quick Facts
- 41.9%
+ 32.4%
+ 35.1%
Change in Closed Sales All Properties
Change in Median Sales Price All Properties
Change in Homes for Sale All Properties
This report covers residential real estate activity in the counties of Flathead, Lincoln and Lake. Percent changes are calculated using rounded figures.
Single Family Market Overview Townhouse/Condo Market Overview New Listings Pending Sales Closed Sales Days on Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory All Residential Properties Market Overview
2 3 4 5 6 7 8 9 10 11 12 13 14
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime.
Single Family Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single Family properties only.
Key Metrics
Historical Sparkbars
New Listings 6-2020
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
1,745
1,591
- 8.8%
292
209
- 28.4%
1,441
991
- 31.2%
293
171
- 41.6%
1,297
956
- 26.3%
42
73
+ 73.8%
54
88
+ 63.0%
$545,000
$690,000
+ 26.6%
$490,000
$635,000
+ 29.6%
$808,036
$1,029,525
+ 27.4%
$670,167
$858,277
+ 28.1%
101.5%
99.8%
- 1.7%
100.3%
100.2%
- 0.1%
70
43
- 38.6%
78
46
- 41.0%
511
688
+ 34.6%
––
––
––
1.9
3.6
+ 89.5%
––
––
––
6-2022
Months Supply of Inventory 6-2020
+ 4.0%
6-2022
Inventory of Homes for Sale 6-2020
444
6-2022
Housing Affordability Index 6-2020
427
6-2022
Percent of List Price Received 6-2020
% Change
6-2022
Average Sales Price 6-2020
YTD 2022
6-2022
Median Sales Price 6-2020
YTD 2021
6-2022
Days on Market Until Sale 6-2020
% Change
6-2022
Closed Sales 6-2020
6-2022
6-2022
Pending Sales 6-2020
6-2021
6-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 2
Townhouse/Condo Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Townhouse/Condo properties only.
Key Metrics
Historical Sparkbars
New Listings 6-2020
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
401
336
- 16.2%
51
23
- 54.9%
329
221
- 32.8%
63
36
- 42.9%
292
222
- 24.0%
62
104
+ 67.7%
53
118
+ 122.6%
$415,000
$600,500
+ 44.7%
$374,950
$524,200
+ 39.8%
$462,297
$739,366
+ 59.9%
$481,367
$664,504
+ 38.0%
101.9%
99.6%
- 2.3%
100.9%
101.5%
+ 0.6%
92
49
- 46.7%
101
56
- 44.6%
121
166
+ 37.2%
––
––
––
1.9
4.1
+ 115.8%
––
––
––
6-2022
Months Supply of Inventory 6-2020
- 44.7%
6-2022
Inventory of Homes for Sale 6-2020
57
6-2022
Housing Affordability Index 6-2020
103
6-2022
Percent of List Price Received 6-2020
% Change
6-2022
Average Sales Price 6-2020
YTD 2022
6-2022
Median Sales Price 6-2020
YTD 2021
6-2022
Days on Market Until Sale 6-2020
% Change
6-2022
Closed Sales 6-2020
6-2022
6-2022
Pending Sales 6-2020
6-2021
6-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
June 422
Year to Date 427
444
1,728
74
- 5.6%
+ 1.2%
+ 4.0%
2020 2021 2022 Single Family
1,745 1,591
103
315
57
- 29.5% + 39.2% - 44.7%
2020 2021 2022 Townhouse/Condo
- 6.5%
+ 1.0%
- 8.8%
2020 2021 2022 Single Family
- 6.0%
401
336
+ 27.3% - 16.2%
2020 2021 2022 Townhouse/Condo
New Listings
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
363
- 20.4%
93
- 26.8%
Aug-2021
320
- 26.9%
61
- 33.0%
Sep-2021
249
- 17.3%
40
- 36.5%
Oct-2021
232
- 16.2%
28
- 49.1%
Nov-2021
136
- 12.8%
34
- 37.0%
Dec-2021
108
- 19.4%
30
- 31.8%
Jan-2022
117
- 36.4%
97
+ 110.9%
Feb-2022
172
- 21.8%
43
+ 43.3%
Mar-2022
220
- 12.7%
48
- 25.0%
Apr-2022
268
- 19.5%
45
- 56.7%
May-2022
370
+ 12.5%
46
- 14.8%
Jun-2022
444
+ 4.0%
57
- 44.7%
12-Month Avg
250
- 14.4%
52
- 25.7%
Historical New Listings by Month
Single Family
Townhouse/Condo
600
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
June
Year to Date
366 1,441 1,302
292
991
209
69
267
51
329
23
221
+ 47.6% - 20.2% - 28.4%
+ 64.3% - 26.1% - 54.9%
+ 16.0% + 10.7% - 31.2%
+ 20.8% + 23.2% - 32.8%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
Pending Sales
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
251
- 45.6%
58
- 44.8%
Aug-2021
260
- 35.3%
70
- 32.7%
Sep-2021
222
- 35.7%
41
- 50.0%
Oct-2021
251
- 16.6%
29
- 58.6%
Nov-2021
162
- 1.8%
39
- 11.4%
Dec-2021
145
- 10.5%
31
- 18.4%
Jan-2022
117
- 46.3%
37
- 40.3%
Feb-2022
148
- 29.2%
55
+ 48.6%
Mar-2022
179
- 15.6%
41
- 31.7%
Apr-2022
173
- 30.8%
34
- 54.1%
May-2022
165
- 36.5%
31
- 31.1%
Jun-2022
209
- 28.4%
23
- 54.9%
12-Month Avg
190
- 30.4%
41
- 35.9%
Historical Pending Sales by Month
Single Family
Townhouse/Condo
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 5
Closed Sales A count of the actual sales that closed in a given month.
June
Year to Date 1,297 293 970
238
956
171
43
- 4.8%
+ 23.1% - 41.6%
2020 2021 2022 Single Family
63
226
36
292
222
+ 19.4% + 46.5% - 42.9%
+ 4.4% + 33.7% - 26.3%
+ 24.2% + 29.2% - 24.0%
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
Closed Sales
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
276
- 20.2%
75
+ 29.3%
Aug-2021
248
- 37.2%
58
+ 16.0%
Sep-2021
257
- 35.4%
65
- 17.7%
Oct-2021
210
- 40.8%
48
- 40.0%
Nov-2021
241
- 17.5%
52
- 8.8%
Dec-2021
224
- 11.5%
32
- 49.2%
Jan-2022
141
- 18.0%
35
+ 6.1%
Feb-2022
121
- 23.9%
25
- 21.9%
Mar-2022
148
- 40.6%
42
- 32.3%
Apr-2022
181
- 5.7%
36
- 18.2%
May-2022
194
- 16.4%
48
- 17.2%
Jun-2022
171
- 41.6%
36
- 42.9%
12-Month Avg
201
- 27.7%
46
- 19.3%
Historical Closed Sales by Month
Single Family
Townhouse/Condo
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 6
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
June
Year to Date 112
104
96
118 103
102 88
73 62 54
42
+ 1.1%
- 56.3% + 73.8%
2020 2021 2022 Single Family
+ 7.7%
- 44.6% + 67.7%
2020 2021 2022 Townhouse/Condo
0.0%
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
29
- 62.3%
35
- 63.5%
Aug-2021
30
- 56.5%
23
- 68.1%
Sep-2021
35
- 47.8%
28
- 70.5%
Oct-2021
43
- 40.3%
26
- 68.7%
Nov-2021
48
- 18.6%
27
- 68.2%
Dec-2021
55
- 21.4%
34
- 38.2%
Jan-2022
81
+ 15.7%
117
+ 116.7%
Feb-2022
112
+ 67.2%
174
+ 234.6%
Mar-2022
97
+ 70.2%
77
+ 30.5%
Apr-2022
81
+ 62.0%
110
+ 120.0%
May-2022
91
+ 82.0%
143
+ 266.7%
Jun-2022
73
+ 73.8%
104
+ 67.7%
12-Month Avg*
58
- 8.0%
65
- 6.6%
Days on Market
- 47.6% + 63.0%
2020 2021 2022 Single Family
53
- 6.4%
- 48.0% + 122.6%
2020 2021 2022 Townhouse/Condo
* Days on Market for all properties from July 2021 through June 2022. This is not the average of the individual figures above.
Historical Days on Market Until Sale by Month
Single Family
Townhouse/Condo
350 300 250 200 150 100 50 0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 7
Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
June
Year to Date $635,000
$690,000 $600,500
$524,200
$490,000
$545,000 $415,000
$374,950
$339,500
$350,000
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
$545,000
+ 38.7%
$402,000
+ 40.8%
Aug-2021
$596,000
+ 43.6%
$470,500
+ 58.3%
Sep-2021
$550,000
+ 23.7%
$441,000
+ 39.8%
Oct-2021
$529,000
+ 20.4%
$403,950
+ 8.5%
Nov-2021
$575,000
+ 30.7%
$384,400
+ 20.5%
Dec-2021
$567,450
+ 43.7%
$424,000
+ 41.4%
Jan-2022
$550,000
+ 37.5%
$435,900
+ 56.6%
Feb-2022
$550,000
+ 26.1%
$449,400
+ 32.2%
Mar-2022
$595,985
+ 22.9%
$488,750
+ 41.7%
Apr-2022
$700,500
+ 40.0%
$558,000
+ 34.4%
May-2022
$648,500
+ 26.5%
$547,500
+ 28.8%
Jun-2022
$690,000
+ 26.6%
$600,500
+ 44.7%
12-Month Avg* $595,000
+ 34.3%
$453,450
+ 31.9%
Median Sales Price
$269,000 $253,000
+ 7.0% + 55.7% + 26.6%
- 13.4% + 64.0% + 44.7%
+ 4.5% + 44.3% + 29.6%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
- 6.9%
+ 39.4% + 39.8%
2020 2021 2022 Townhouse/Condo
* Median Sales Price for all properties from July 2021 through June 2022. This is not the average of the individual figures above.
Historical Median Sales Price by Month
Single Family
Townhouse/Condo
$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 8
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
June
Year to Date $1,029,525
$858,277
$808,036
$670,167
$664,504
$739,366 $481,367
$440,434 $462,297
$429,202
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
$723,284
+ 30.0%
$483,210
+ 18.0%
Aug-2021
$764,207
+ 32.4%
$646,493
+ 67.9%
Sep-2021
$950,361
+ 48.8%
$569,501
+ 29.4%
Oct-2021
$773,577
+ 13.1%
$508,416
+ 10.3%
Nov-2021
$840,576
+ 34.8%
$444,531
+ 10.9%
Dec-2021
$783,861
+ 33.7%
$522,109
+ 30.4%
Jan-2022
$714,680
+ 20.3%
$521,554
+ 47.7%
Feb-2022
$744,634
+ 26.8%
$567,182
+ 26.6%
Mar-2022
$826,041
+ 36.2%
$724,883
+ 44.5%
Apr-2022
$963,999
+ 43.8%
$652,760
+ 7.9%
May-2022
$808,533
+ 19.3%
$719,257
+ 50.5%
Jun-2022
$1,029,525
+ 27.4%
$739,366
+ 59.9%
+ 30.3%
$584,243
+ 30.8%
Avg. Sales Price
$329,372 $315,140
+ 3.8% + 88.3% + 27.4%
- 14.6% + 46.7% + 59.9%
+ 6.8% + 52.2% + 28.1%
2020 2021 2022 Single Family
2020 2021 2022 Townhouse/Condo
2020 2021 2022 Single Family
- 1.9%
+ 46.1% + 38.0%
2020 2021 2022 Townhouse/Condo
12-Month Avg* $826,938
* Avg. Sales Price for all properties from July 2021 through June 2022. This is not the average of the individual figures above.
Historical Average Sales Price by Month
Single Family
Townhouse/Condo
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 9
Percent of List Price Received Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
June
97.6%
+ 0.3%
Pct. of List Price Received
Year to Date 101.5% 99.8%
+ 4.0%
- 1.7%
2020 2021 2022 Single Family
98.1%
+ 0.2%
101.9% 99.6%
+ 3.9%
- 2.3%
2020 2021 2022 Townhouse/Condo
97.3%
+ 0.5%
100.3% 100.2%
+ 3.1%
- 0.1%
2020 2021 2022 Single Family
97.6%
- 0.7%
100.9% 101.5%
+ 3.4%
+ 0.6%
2020 2021 2022 Townhouse/Condo
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
101.2%
+ 2.7%
101.7%
+ 2.9%
Aug-2021
100.8%
+ 2.8%
101.7%
+ 2.5%
Sep-2021
99.5%
+ 0.9%
100.4%
+ 1.2%
Oct-2021
99.6%
+ 1.1%
100.9%
+ 2.1%
Nov-2021
98.5%
+ 0.5%
99.9%
+ 0.3%
Dec-2021
98.8%
+ 0.8%
100.9%
+ 1.1%
Jan-2022
98.5%
+ 0.1%
100.6%
+ 1.6%
Feb-2022
99.0%
- 0.3%
101.3%
+ 0.8%
Mar-2022
100.1%
+ 0.5%
102.5%
+ 2.8%
Apr-2022
101.2%
0.0%
102.7%
+ 1.0%
May-2022
101.7%
+ 0.6%
101.9%
+ 0.3%
Jun-2022
99.8%
- 1.7%
99.6%
- 2.3%
12-Month Avg*
100.0%
+ 0.9%
101.2%
+ 1.2%
* Pct. of List Price Received for all properties from July 2021 through June 2022. This is not the average of the individual figures above.
Historical Percent of List Price Received by Month
Single Family
Townhouse/Condo
104% 102% 100% 98% 96% 94% 92% 90% 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
June
Year to Date 140
149 111
101
108 92
78
70
+ 2.9%
- 35.2% - 38.6%
2020 2021 2022 Single Family
+ 26.3% - 38.3% - 46.7%
2020 2021 2022 Townhouse/Condo
56
46
49
43
+ 4.7%
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
70
- 27.8%
96
- 28.4%
Aug-2021
63
- 32.3%
80
- 38.5%
Sep-2021
68
- 21.8%
84
- 31.7%
Oct-2021
70
- 21.3%
92
- 11.5%
Nov-2021
67
- 24.7%
100
- 18.7%
Dec-2021
64
- 36.0%
86
- 34.8%
Jan-2022
64
- 34.0%
81
- 42.1%
Feb-2022
63
- 29.2%
77
- 32.5%
Mar-2022
53
- 32.1%
65
- 40.4%
Apr-2022
42
- 44.0%
53
- 41.8%
May-2022
45
- 39.2%
54
- 40.0%
Jun-2022
43
- 38.6%
49
- 46.7%
12-Month Avg
59
- 32.2%
76
- 33.9%
Affordability Index
- 29.7% - 41.0%
2020 2021 2022 Single Family
+ 17.6% - 27.9% - 44.6%
2020 2021 2022 Townhouse/Condo
Historical Housing Affordability Index by Month
Single Family
Townhouse/Condo
250
200
150
100
50
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
June 901 688 511
154
121
166
- 34.6%
- 43.3%
+ 34.6%
- 44.0%
- 21.4%
+ 37.2%
2020
2021 Single Family
2022
2020
2021 Townhouse/Condo
2022
Homes for Sale
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
569
- 30.8%
151
- 7.9%
Aug-2021
589
- 25.5%
130
- 11.6%
Sep-2021
554
- 19.0%
122
+ 7.0%
Oct-2021
470
- 20.2%
116
+ 38.1%
Nov-2021
401
- 24.6%
109
+ 23.9%
Dec-2021
307
- 30.7%
96
+ 17.1%
Jan-2022
265
- 24.7%
152
+ 171.4%
Feb-2022
263
- 19.3%
138
+ 213.6%
Mar-2022
277
- 17.1%
137
+ 211.4%
Apr-2022
344
- 10.6%
136
+ 100.0%
May-2022
511
+ 26.2%
143
+ 101.4%
Jun-2022
688
+ 34.6%
166
+ 37.2%
12-Month Avg
437
- 15.1%
133
+ 47.8%
Historical Inventory of Homes for Sale by Month
Single Family
Townhouse/Condo
3,000
2,500
2,000
1,500
1,000
500
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
June
Single Family
Year-Over-Year Change
Townhouse / Condo
Year-Over-Year Change
Jul-2021
2.2
- 40.5%
2.5
- 28.6%
Aug-2021
2.4
- 29.4%
2.3
- 20.7%
Sep-2021
2.4
- 14.3%
2.3
+ 9.5%
Oct-2021
2.0
- 13.0%
2.3
+ 53.3%
Nov-2021
1.8
- 14.3%
2.2
+ 46.7%
Dec-2021
1.3
- 23.5%
1.9
+ 35.7%
Jan-2022
1.2
- 7.7%
3.2
+ 255.6%
Feb-2022
1.2
0.0%
2.8
+ 300.0%
Mar-2022
1.3
+ 8.3%
2.9
+ 314.3%
Apr-2022
1.7
+ 21.4%
3.1
+ 210.0%
May-2022
2.6
+ 73.3%
3.3
+ 200.0%
Jun-2022
3.6
+ 89.5%
4.1
+ 115.8%
12-Month Avg*
2.0
- 2.4%
2.7
+ 70.3%
Months Supply
4.4
4.1
3.6
3.6
1.9
1.9
- 42.9%
- 56.8%
+ 89.5%
- 55.0%
- 47.2%
+ 115.8%
2020
2021 Single Family
2022
2020
2021 Townhouse/Condo
2022
* Months Supply for all properties from July 2021 through June 2022. This is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
Single Family
Townhouse/Condo
50
40
30
20
10
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 13
All Residential Properties Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 6-2020
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
12-2020
6-2021
12-2021
2,146
1,927
- 10.2%
343
232
- 32.4%
1,770
1,212
- 31.5%
356
207
- 41.9%
1,589
1,178
- 25.9%
46
78
+ 69.6%
54
94
+ 74.1%
$510,000
$675,000
+ 32.4%
$459,000
$603,500
+ 31.5%
$746,852
$979,063
+ 31.1%
$635,473
$821,759
+ 29.3%
101.6%
99.8%
- 1.8%
100.4%
100.4%
0.0%
74
44
- 40.5%
83
49
- 41.0%
632
854
+ 35.1%
––
––
––
1.9
3.7
+ 94.7%
––
––
––
6-2022
Months Supply of Inventory 6-2020
- 5.5%
6-2022
Inventory of Homes for Sale 6-2020
501
6-2022
Housing Affordability Index 6-2020
530
6-2022
Percent of List Price Received 6-2020
% Change
6-2022
Average Sales Price 6-2020
YTD 2022
6-2022
Median Sales Price 6-2020
YTD 2021
6-2022
Days on Market Until Sale 6-2020
% Change
6-2022
Closed Sales 6-2020
6-2022
6-2022
Pending Sales 6-2020
6-2021
6-2022
Current as of July 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime. | 14