Local Real Estate Market Update | May 2020
Posted by Tamara Williams on
REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS
Statistics for Big Sky County MLS for May 2020 have been released and we are excited to share what the market has done over the last month and compared to May 2019.
- Average Sales Price for Single Family Homes have seen an increase of $25,097 jumping to $527,786. While Condo/Townhouses saw a decrease of 5.5% dropping the Average Sales Price to $336,042.
- Closed Sales have decreased for Single Family Homes with a total of 41 closed transactions, down from 67 in 2019. Condo/Townhouses have also seen a decrease of 29.5% with 31 Closed Sales.
- Inventory of Single Family Homes has decreased by 16.2% to only 88 homes vs. 105 this time last year. Inventory of Condo/Townhouse has increased 44.1% to…
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