What a Non-Montana Company, Realty Times, Predicted For 2013 Real Estate in Montana:
Realty Times offered the following Montana real estate market statistics:
– The average Montana home sales price in February, 2013 was $307,356 showing a 12.5 percent increase from $268,908 in February, 2012.
– The average Montana real estate list price at sale in February, 2013 was $316,962 showing a 12.6 percent increase from $277,061 in February, 2012.
– Montana Homes sold at 97.0% of list price in February, 2013 as compared to 97.1 percent of list price in February, 2012.
– The average number of days on market for sold Montana realty listings in February, 2013 was 115, up 37.4 percent from 72 in February, 2012.
– There were currently 165 single family homes on less than 1 acre for sale in Bozeman, Montana when their prediction was published.
– The absorption rate (the time it would take to sell off the current inventory at the current rate of sales) is 6.6 months, indicating a neutral Montana real estate market.
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