Bozeman Real Estate Market Report Week 1 October 2013
Bozeman Real Estate, Homes and Properties' inventory has been decreasing lately but the Market Action Index is falling as well. With days-on-market climbing, these are relatively negative implications for the market.
BOZEMAN MONTANA HOMES' SUPPLY AND DEMAND: The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result. Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
BOZEMAN REAL ESTATE PRICES: Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.
The median list price in BOZEMAN, Montana this week is $388,700.
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