Missoula, MT - Local Housing Data - Summary

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Missoula, MT Local News

  • Missoula, MT - March 2014 - New Home Closings Figures Climb

    New home sales rose year-over-year in Missoula, MT in March. Foreclosures as a percentage of existing home closings dropped, falling 5.8% percentage points. Mortgage amounts on new homes dropped 46.7%.

  • Missoula, MT - February 2014 - New Home Closings Stay Level

    New home sales remained steady from a year ago in Missoula, MT in February. Mortgage amounts on new homes moved up, rising 73.5%. The percentage of new home closings belonging to attached homes rose, climbing 33.3% percentage points. The percentage of new home closings belonging to single family...

  • Missoula, MT - January 2014 - New Home Closings Stay Level

    New home sales remained level from a year ago in January. Foreclosures as a percentage of existing home closings rose, climbing 2.9% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 3.3% percentage points. Average prices of new and...

New Home Closings and Prices in Missoula Fall According to Newest Figures

Posted on: Jul 06, 2014 07:24:16 AM

New home closings in the Missoula, MT market dropped year-over-year in April, sliding after a growth in March 2014. New home closings moved from 5 a year earlier to 4 after the figure moved from 3 in March 2013 to 4 in March 2014.

A total of 46 new homes were sold during the 12 months that ended in April, down from 47 for the year that ended in March.

New home closings were 4 out of the 150 total closings, same on a percentage basis as a year earlier. Closings of new and existing homes sank year-over-year in April after also falling in March year-over-year.

Pricing and Mortgage Trends

The average new home price was $172,563, down from $265,524 a year earlier. This followed a 37.7% decline in March from a year earlier.

The average mortgage size moved to $157,128, down from last year's $212,419. Average mortgage size on new homes went from $243,594 in March 2013 to $129,955 in March 2014.

 
 
 

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