Local Market Update – May 2022 A Research Tool Provided by Montana Regional MLS
Flathead County Single-Family
May
Year to Date
Key Metrics
2021
2022
% Change
Thru 5-2021
Thru 5-2022
% Change
New Listings
213
252
+ 18.3%
880
778
- 11.6%
Pending Sales
168
117
- 30.4%
764
556
- 27.2%
Closed Sales
158
133
- 15.8%
677
541
- 20.1%
Days on Market Until Sale
42
85
+ 102.4%
46
85
+ 84.8%
Median Sales Price*
$527,500
$699,500
+ 32.6%
$520,000
$699,400
+ 34.5%
Average Sales Price*
$710,458
$879,295
+ 23.8%
$694,014
$897,653
+ 29.3%
102.0%
102.6%
+ 0.6%
100.6%
100.8%
+ 0.2%
Inventory of Homes for Sale
245
306
+ 24.9%
––
––
––
Months Supply of Inventory
1.3
2.2
+ 69.2%
––
––
––
Percent of List Price Received*
Townhouse/Condo
May
Year to Date
Key Metrics
2021
2022
% Change
Thru 5-2021
Thru 5-2022
% Change
New Listings
51
44
- 13.7%
289
263
- 9.0%
Pending Sales
44
29
- 34.1%
274
190
- 30.7%
Closed Sales
57
43
- 24.6%
227
174
- 23.3%
Days on Market Until Sale
39
151
+ 287.2%
50
125
+ 150.0%
Median Sales Price*
$425,000
$550,000
+ 29.4%
$360,000
$497,450
+ 38.2%
Average Sales Price*
$471,158
$734,962
+ 56.0%
$485,982
$660,892
+ 36.0%
101.9%
101.8%
- 0.1%
100.7%
101.8%
+ 1.1%
Inventory of Homes for Sale
65
130
+ 100.0%
––
––
––
Months Supply of Inventory
1.0
3.3
+ 230.0%
––
––
––
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 - Townhouse/Condo MRMLS Flathead County
$700,000
Rolling 12-Month Calculation
MRMLS Flathead County
$500,000
$600,000 $400,000 $500,000
$400,000
$300,000
$300,000 $200,000 $200,000
$100,000 1-2012
$100,000 1-2014
1-2016
1-2018
1-2020
1-2022
1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
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 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime.
Local Market Update – May 2022 A Research Tool Provided by Montana Regional MLS
Lake County Single-Family
May
Year to Date
Key Metrics
2021
2022
% Change
Thru 5-2021
Thru 5-2022
% Change
New Listings
56
47
- 16.1%
198
178
- 10.1%
Pending Sales
39
32
- 17.9%
175
134
- 23.4%
Closed Sales
39
29
- 25.6%
160
119
- 25.6%
Days on Market Until Sale
46
79
+ 71.7%
82
94
+ 14.6%
Median Sales Price*
$525,000
$583,000
+ 11.0%
$437,500
$545,000
+ 24.6%
Average Sales Price*
$786,363
$786,557
+ 0.0%
$611,926
$757,167
+ 23.7%
98.8%
100.9%
+ 2.1%
98.9%
100.9%
+ 2.0%
Inventory of Homes for Sale
72
84
+ 16.7%
––
––
––
Months Supply of Inventory
1.5
2.7
+ 80.0%
––
––
––
Percent of List Price Received*
Townhouse/Condo
May
Year to Date
Key Metrics
2021
2022
% Change
Thru 5-2021
Thru 5-2022
% Change
New Listings
3
2
- 33.3%
8
13
+ 62.5%
Pending Sales
1
3
+ 200.0%
4
12
+ 200.0%
Closed Sales
1
4
+ 300.0%
2
9
+ 350.0%
Days on Market Until Sale
9
40
+ 344.4%
136
37
- 72.8%
Median Sales Price*
$866,400
$738,000
- 14.8%
$558,200
$541,000
- 3.1%
Average Sales Price*
$866,400
$681,500
- 21.3%
$558,200
$589,722
+ 5.6%
83.7%
104.5%
+ 24.9%
89.9%
104.1%
+ 15.8%
Inventory of Homes for Sale
5
1
- 80.0%
––
––
––
Months Supply of Inventory
2.8
0.3
- 89.3%
––
––
––
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 - Townhouse/Condo MRMLS Lake County
$600,000
Rolling 12-Month Calculation
MRMLS Lake County
$600,000
$500,000
$500,000
$400,000 $400,000 $300,000 $300,000 $200,000 $200,000
$100,000
$100,000 1-2012
$0 1-2014
1-2016
1-2018
1-2020
1-2022
1-2012
1-2014
1-2016
1-2018
1-2020
1-2022
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 5, 2022. All data from Montana Regional MLS. Report © 2022 ShowingTime.