Please ensure Javascript is enabled for purposes ofwebsite accessibilityReal estate experts report no slowing down in Flathead housing market | KECI
Close Alert

Real estate experts report no slowing down in Flathead housing market


House in Kalispell (Photo: NBC Montana){p}{/p}
House in Kalispell (Photo: NBC Montana)

Facebook Share IconTwitter Share IconEmail Share Icon
Comment bubble
0

Real estate experts say the housing market has not slowed down in Flathead County.

They say there are typically 100 to 200 closings every month. But they saw the largest number with 374 closings in September.

Experts say December is normally a slower month, but that changed in 2020. The Northwest Montana Association of Realtors reports 274 closings for December.

“That is just showing you that even in those typical years, we are above what it’s been in in the past, and I don’t see that changing any time in the near future,” Northwest Montana Association of Realtors executive officer Jeri Moon said.

Moon says they’ve seen a steady increase in the market over the past five years.

She says the median sales price used to be $230,000 in January 2015. The median sales price jumped to $333,000 in June 2020. Now the cost is up to $380,000 for Flathead County.

“We are seeing buyers get into homes or be successful bidders on a contract, and many times the buyers are paying over list price,” Montana Association of Realtors board president Jeanie Deetz said.

Deetz says it’s a sellers’ market right now. The number of days on the market has been anywhere from 35 to 50 days. The median has now gone down to 21 days.

The county averages about 750 available houses a month.

“We currently only have 330 residents’ homes available in Flathead County, so it's dropping steadily,” Moon said.

Real estate agents say people who are buying houses are from Montana and everywhere else, but they get the biggest influx from states like California, Oregon and Washington. They add there are plenty from Texas, Florida, the east coast and Midwest.

“I think they love our culture and our four-season recreational life, and we don’t have the congestion and metropolitan feel, and I think many people are trying to escape that,” Deetz said.

Comment bubble
JOIN THE CONVERSATION (
0
)

NMAR says the median price in Lake Co. is currently $330,000, and it’s $362,500 in Lincoln County, which is almost an 86% increase in their median sales price.

Loading ...