REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS
Statistics for Big Sky County MLS for July 2020 have been released and we are excited to share what the market has done over the last month and compared to July 2019.
- Average Sales Price for Single Family Homes have seen an increase of $18,125 jumping to $542,876 (down $2,321 from June 2020). While Condo/Townhouses also saw an increase of 2.7% increasing the Average Sales Price to $342,851.
- Closed Sales have increased for Single Family Homes with a total of 81 closed transactions, up from 73 in 2019. Condo/Townhouses have also seen an increase of 37% with 74 Closed Sales.
- Inventory of Single Family Homes has decreased by 50% to only 68 homes vs. 136 this time last year. Inventory of Condo/Townhouse has also decreased 29.5% to 86, down from 122 in July 2019.
- Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 99.9% for Single Family Homes and 98.9% 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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