Buying a Home, Home Trends, Investing in Real Estate, Selling a Home

4th Quarter Montana Gardner Report

Highlights of the by Matthew Gardner, Chief Economist for Windermere Real Estate:
 Homes Sales: ❱ During the final quarter of 2019, 760 homes sold, a drop of 4.7% compared to the same period a year ago.

❱ Similar to last quarter, total sales activity was a mixed bag: there were increases in five counties and declines in four. The largest annual increase was in Broadwater County, where sales were up more than 45%, though the increase was only five units. The largest decline in sales was in Gallatin County. read more

Buying a Home, Investing in Real Estate, Selling a Home

Short Sale & Foreclosure: How are they different?

As unfortunate as it can be when homeowners fall behind on mortgage payments and must face the possibility of losing their homes, short sales and foreclosures provide them options for moving on financially. The terms are often used interchangeably, but they’re actually quite different, with varying timelines and financial impact on the homeowner. Here’s a brief overview. read more

Real Estate Trends

Single Family Market – Gallatin County – October 2019 

The number of new single-family listings decreased compared to October of 2018, falling from 138 to 130, a 5.8% decrease. Pending sales decreased 20.5%, going from 132 to 105, and the number of closed sales fell from 171 to 129, a 24.6% decrease. The median sales price increased slightly by 1.9%, from $450,000 to $458,600. The average number of days a home spent on the market dropped by 16.1%, from 62 to 52. The inventory of available homes increased 2.2% compared to last year, rising from 495 to 506, and the months supply of inventory increased 2.6%, from 3.8 to 3.9.  Sellers received 98.2% of their list price in October, a slight increase from 97.1% last year.   read more

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