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HomeMissoula Real Estate Market Remains Stable...

Missoula Real Estate Market Remains Stable through April 2007

Missoula Urban Area--includes greater Missoula area and Lolo Residential
Month of April Year to Date
Year # Sales Median Price # Sales Median Price

2007 98 $207,850 327 $206,400
2006 114 $183,950 361 $187,000
2005 115 $185,000 317 $178,000
2004 97 $167,000 299 $160,000
Missoula and Surrounding Area--includes greater Missoula area, Lolo, Blackfoot Valley, Seeley Lake, Condon, Swan Valley, Evaro Residential, Frenchtown Valley, Huson, Nine Mile, Alberton, and Petty Creek
Month of April Year to Date
Year # Sales Median Price # Sales Median Price

2007 96 $224,200 331 $205,000
2006 116 $193,500 371 $187,000
2005 120 $176,875 327 $177,250
2004 100 $158,000 316 $159,921

Missoula Market Indicator
May 15, 2007
*For the greater Missoula urban area, including Lolo (All Types of single family residential properties). Arrows indicate direction in last 30 days.

New Listings
Total properties entered into the MOR Regional Multiple Listing Service (MLS) in the last 30 days.
Median Price
The price that is midway between the least expensive and most expensive home sold.
Under Contract
Properties on which the buyer & seller have agreed to transfer property

Number of Sales
 Properties for which the transfer is recorded

Interest Rates
Average local financial rates based on 30 year fixed mortgage

Days on Market
Average number of days a home is on the market from date of listing to date sold

Housing Affordablity Index
Calculated by using local interest rates, local median price, local median family income and loan terms


The trends between the end of 2006 and the very beginning of 2007 indicate a stable real estate market.in the Missoula urban area. Interest rates are remaining steady. Homes are on the market for about the same amount of time. A slight decrease in the Median Price and an increase in the number of properties reported Under Contract seem to suggest that consumers are still looking to real estate as a solid, long-term investment.

SOURCE: Missoula Organization of Realtors. For more information, visit www.missoularealestate.com

Posted Monday May 28

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