COMMUNITY & RELOCATION INFORMATION

Real Estate

Even though the numbers quoted for the nation as a whole suggest a contracting real estate industry, Montana is one of the areas in the 31% (by population) of the country that is currently in an expanding real estate market. Part of that expansion is reflected in the strong Montana markets in the Rocky Mountain region. Missoula is in the heart of that area. Typical factors that can suggest potential real estate trends (Days on Market, Number of Sales, Interest Rates) all appear to indicate a real estate market in the Missoula area that is on track to maintain the steady growth experienced over the past several years.

Click Here to View First Quarter Single Family Housing Starts
provided by the Montana Building Industry Associations

Prices in any given market are a function of supply and demand. Missoula is no different and the median price of a single family residence in the Missoula Urban area has risen to just over $200,000 in the third quarter of 2006. Using land located within the existing infrastructure, designing planned communities, and identifying innovative building solutions demonstrate the community’s commitment to address varying housing needs and preferences. In Missoula, people find a number of housing options, neighborhoods, and amenities such as parks, recreational opportunities, hiking and biking trails to meet the demand for housing in a growing, vibrant, small city with a demographically diverse population.

Content provided by the Missoula Organization of Realtors