REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS
Statistics for Big Sky Country MLS for February 2021 have been released and we are excited to share what the market has done over the last month and compare it to February 2020.
- Average Sales Price for Single Family Homes have seen an increase of 36.2% jumping to $733,804. While Condo/Townhouses saw an increase of 28.4% rising the Average Sales Price to $420,059.
- Closed Sales have decreased for Single Family Homes with a total of 27 closed transactions, down from 32 in 2020. Condo/Townhouses have also seen a slight decrease of 6.5% with 29 Closed Sales.
- Inventory of Single Family Homes has decreased by -69% to only 22 homes vs. 71 this time last year. Inventory of Condo/Townhouse has also decreased -82.4% to 23, down from 131 in February 2020.
- Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 101.1% for Single Family Homes and 100.5% for a Condo/Townhouse.
Source: Big Sky Country MLS
If you are curious what this will mean for you (as a buyer or seller), please don't hesitate to reach out. You can reach Broker, Tamara Williams, at (406) 223-6823.
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Posted by Tamara Williams on
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