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Real Estate Market Trends

Flathead home sale quantities and median speeds (listing to contract) by month sold past five years

Back in June, we presented a chart showing the Flathead County single-family residence sales speeds (in median days from listing to contract), and sold price percentage of original list price, by month sold. Let’s refresh the data this week, comparing county-wide the median speeds (days from listing to contract, depicted as lines with markers) and quantities of home sales (depicted as bars, using left axis), for Jan. through July, 2016 through 2020.  All sales inclusions ranged in original list price between $200,000 and $699,999.

SFR sale quantities were relatively flat, over these past five years, for homes sold in January and February. Quantities keep stair-stepping upward in March, year over year, but downward in May over the past four years. June has resumed an upward trend in quantity of sales, and July has flat out shot upwards – spiking even. Median days from listing to contract dropped bigtime in March 2020 compared to prior years, and keep shortening since then – July was a paltry 13 days!

Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.