Missoula, MT - Local Housing Data - Summary

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Missoula, MT Local News

New Home Prices Increase in Missoula According to Recent Data, Sales Steady

Posted on: Apr 06, 2014 07:27:36 AM

Closings of new homes in the Missoula, MT market remained unchanged year-over-year in January, staying level after a year-over-year decline in December from the year earlier. Closings remained level at 1 from a year earlier after the figure moved from 7 in December 2012 to 3 in December 2013.

A total of 46 new homes were sold during the 12 months that ended in January, equal to the number of new homes sold for the year that ended in December.

1 of the 87 total closings were new home closings, a shift on a percentage basis from 1 out of 104 a year earlier. Closings of new and existing homes fell year-over-year in January after also falling in December year-over-year.

Pricing and Mortgage Trends

The average new home price was $306,350, up from $157,000 a year earlier. This came after a 15.5% fall in December from a year earlier.

Average mortgage size on new homes rose from $125,600 to $245,000. Average mortgage size on new homes went from $206,146 in December 2012 to $180,525 in December 2013.

 
 
 

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