Is now a good time to buy land in the Montana area?
the Montana area is currently a strong buyer's market with 24.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
24.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Loring, Montana | ||||||
the Montana area is currently a strong buyer's market with 24.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Montana area currently has 24.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, the Montana area saw 2,210 properties sold. In just the last 3 months, 500 properties changed hands.
The current absorption rate in the Montana area is 4.2% (3-month basis), indicating slow demand. The top-performing broker in this market is PureWest Real Estate - Whitefish.
There are currently 4,013 active listings in the Montana area. 918 new listings have hit the market in the last 90 days. The median asking price is $250K.
The 3-month absorption rate in the Montana area is 4.2%. The 12-month rate is 4.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in the Montana area typically sells within 167 days of listing. The median time on market is 100 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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