BOZEMAN, MT – Home prices increased and days on market decreased in Gallatin County last month, according to statistics released today by the Gallatin Association of REALTORS® (GAR).

“Homes are selling quickly, prices are up and sellers are receiving a high percentage of their asking price,” said Mike Lake, Director of the Big Sky Country Multiple Listing Service (BSCMLS), which is operated by GAR. “Gallatin County continues to see a strong, competitive real estate market as we move into the winter months.”   

Single Family Market – Gallatin County – September 2019

The number of new single-family listings increased compared to September of 2018, rising from 148 to 165, an 11.5% increase. Pending sales decreased 8.1%, going from 136 to 125, and the number of closed sales rose from 121 to 130, a 7.4% increase. The median sales price increased 2.8%, from $450,000 to $462,500. The average number of days a home spent on the market dropped by 36.2%, from 58 to 37. The inventory of available homes decreased 4.8% compared to last year, dropping from 544 to 518, and the months supply of inventory fell 7.1%, from 4.2 to 3.9.  Sellers received 98.4% of their list price in September, a slight increase from 97.8% last year.

Condo/Townhouse Market – Gallatin County – September 2019

Median sale prices in the condo/townhouse market increased 8.9%, from $295,000 to $321,250. Sellers received 98.8% of their listing price last month, the same as last year. The number of new listings increased 37%, from 73 to 100. Pending sales rose by 6.3% from 63 to 67, while closed sales decreased 17.3% from 75 to 62. The average number of days on market fell 43.8%, from 64 last year to 36 last month. The inventory of available homes in the condo/townhouse sector increased 47.9% compared to last September, rising from 213 to 315, while the months supply of inventory rose 56.7%, from 3 to 4.3.

BOZEMAN, MT [September 19, 2019] – Median sale prices increased, and the inventory of single-family homes tightened in August, according to statistics released today by the Gallatin Association of REALTORS® (GAR).

“The median sales price continues to rise on single family homes,” said GAR CEO Steve Candler. “Days on market for both single family homes and condos/townhouses have decreased, indicating demand is high. As summer winds down, the market continues to be strong.”

Single Family Market – Gallatin County – August 2019

The number of new single-family listings increased slightly compared to August of 2018, rising from 201 to 203, a 1% increase. Pending sales increased 7.6%, going from 145 to 156, and the number of closed sales also rose from 180 to 181, a 0.6% increase. The median sales price increased 7.9%, from $431,250 to $465,500. The average number of days a home spent on the market decreased 16.7%, from 54 to 45. The inventory of available homes decreased 13.9% compared to last year, dropping from 575 to 495, and the months supply of inventory fell 15.9%, from 4.4 to 3.7.  Sellers received 98.2% of their list price in August, a slight increase from 98.0% last year.

Condo/Townhouse Market – Gallatin County – August 2019

Median sale prices in the condo/townhouse market decreased 4.4%, from $292,900 to $279.950. Sellers received 98.5% of their listing price last month, the same as last year. The number of new listings increased 11.5%, from 87 to 97. Pending sales fell 8.8% from 80 to 73, while closed sales increased 5.7% from 87 to 92. The average number of days on market was down 17.1%, from 41 last year to 34 last month. The inventory of available homes in the condo/townhouse sector increased 37.1% compared to last August, rising from 205 to 281, while the months supply of inventory rose 38.7%, from 3.1 to 4.3.

MW

The Gallatin Association of REALTORS® has endorsed Michael Wallner for Bozeman City Commissioner in the November 6, 2019 election.

Wallner currently serves as the Deputy Mayor’s special economic advisor for the City of Bozeman.  He works as a Lead Economic Research Specialist for TechLink and the U.S. Department of Defense and as an adjunct instructor and consultant for applied statistics at the University of Montana. For more information, visit https://wallnerforbozeman.com.

“Every election year, the Gallatin Association of REALTORS®,  conducts an extensive interview and selection process to ensure that the candidates we endorse understand the importance of the real estate industry and that their policies will encourage economic growth for our community,” said Steve Candler, President of the Gallatin Association of REALTORS®. “Based on our interviews and research, we believe Michael Wallner fits that bill, and we encourage our members and other citizens to support his candidacy.”

BOZEMAN, MT [July 18, 2019] – Median home sale prices increased in June compared to last year, while the inventory of available single-family homes remains tight, according to statistics released today by the Gallatin Association of REALTORS® (GAR).

“The Gallatin area real estate market remains in strong shape as we move through summer,” said GAR CEO Steve Candler, “Sale prices are up, and sellers are receiving a high percentage of their listing price. All in all, the market is demonstrating continued strength and consistency, and we expect that trend to continue for the foreseeable future.”

Single Family Market – Gallatin County – June 2019

The number of new single-family listings last month was nearly identical to June of 2018, rising from 260 to 261, a 0.4% increase. Pending sales increased by 25.5%, jumping from 141 to 177, while the number of closed sales decreased slightly from 181 to 170, a 6.1%, drop. The median sales price increased by 12.7%, going from $379,950 to $428,350. The number of days a home spends on the market rose by one from 55 to 56, a 1.8% increase. The inventory of homes for sale dropped 17.9% from last year, going from 537 to 441, and the months supply of inventory decreased 19.5%, from 4.1 to 3.3. Sellers received 99.1% of their list price in June, up from 98.9% last year.

Condo/Townhouse Market – Gallatin County – June 2019

Median sale prices in the condo/townhouse market increased 22%, jumping from $275,000 to $335,500. Sellers received 99.1% of their listing price last month, up from 98.6% last year. The number of new listings increased 30.4%, moving from 92 to 120. Pending sales rose slightly from 87 to 90, a 3.4% increase, while closed sales decreased 1.3% from 77 to 76. The average number of days on market in the condo/townhouse market saw a 33.3% spike, jumping from 45 last June to 60 last month. The inventory of available homes in the condo/townhouse market increased 23.2% compared to last June, rising from 198 to 244, while the months supply of inventory jumped 23.3%, from 3.0 to 3.7.

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BOZEMAN, MT [June 24, 2019] – The Gallatin area real estate market is in strong shape, according to the latest statistics from the Gallatin Association of REALTORS® (GAR). Median sale prices were up in May 2019 compared to the same period last year, and sellers received over 98% of their list price in both the single family and condo/townhouse markets.

“The Gallatin market is showing signs of growth and momentum,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sale prices, pending sales and new listings increased, which indicates a competitive sellers’ market during our peak transaction season.”

 
Single Family Homes – Gallatin County – May 2019
The median sales price increased 3.1%, rising from $407,250 in May 2018 to $420,000 last month. The number of units sold increased from 154 in May 2018 to 176 this May, a 14.3% increase, and pending sales are up 26 percent, rising from 146 last May to 184 this year. The average number of days on market was 64, up from 51 last May, and the months supply of inventory decreased 20%, from 3.5 to 2.8. Sellers received 98.3% of their list price in May 2019, down from 99% in 2018.
 
Condo/Townhouse Market – Gallatin County – May 2019
The median sales price increased 18.4 percent, rising from $289,450 in May 2018 to $342,750 last month. The number of pending sales decreased 11.3 percent, from 80 to 71, while new listings increased 20.9 percent in May 2019 compared to the same period last year. The months supply of inventory increased 16.7 percent, from 3.0 to 3.5. Sellers received 99% of their list price in May 2019, up from 98.8% last year.

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