The real estate market is now in a “recovery mode” with many markets across the country seeing multiple offers, increased sales activity and some are low on inventory.
We are fortunate in Missoula, Montana that we have not experienced the huge devaluation of property values that they have in other parts of the country. Missoula has remained relatively steady with slight price adjustments in most price ranges. There are still great opportunities for
buyers getting in to the market, with low rates, First Time Buyer Tax Credit and, good inventory.
Tags: First Time Home Buyer Tax Credit, Housing Inventory, Housing Market, Property Values, Real Estate Market
Avg. Sales Price: $246,977
Avg. Days on Market: 119
Free Market Alerts 
Hi Diane,
Good to hear your market is pretty stable. Our market in Billings Montana has slowed in number of closings as well as had a decrease, thankfully small, in average price. Most of the price reduction is due to very slow sales over $350,000. Anything priced well is selling in under 30 days.