Bozeman Housing Market Report Week 3 October 2013
Inventory for Bozeman Montana housing has been decreasing lately but the Market Action Index is falling as well.
With days-on-market climbing, these are relatively negative implications for Bozeman's real estate market.
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Bozeman's home market has been cooling off a bit in recent weeks, as more residential properties become available and demand declines.
We're already seeing prices move lower as a result. Expect this housing trend to continue expecially if the index falls to the Buyer's zone.
Watch for a persistent up-turn in Market Action to signal Bozeman prices rising again.
This part of the southwest Montana Real Estate market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Median list price, homes for sale in Bozeman, Montana this week is $387,450
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