Homes are listed for sale, and remain available (active) until they are sold, or the contract expires, or the contract gets overtly canceled, or the listing is withdrawn. Let’s look at the market activity of Flathead County single-family residences, two-plus beds and one-plus baths, 900 to 5,000 square feet, originally listed for $200,000 to $799,999 ($100,000 ranges per chart). I charted, by month, the number of homes active (blue), sold (green), canceled (orange) and expired (red). The print version has space for one chart. The online version has a rotating GIF (at the bottom of this column) with 10-second displays of each of the sequential price ranges charted.
We see an expected rise in offerings in spring and summer, and relative drop-offs during fall through winter. The lowest price range chart’s active listing count keeps stair-stepping downwards – a fleeting commodity. Note the doubling in sales, for the $400,000 to $499,999 range, during the past three months.
GIF (charts rotate every 10 seconds):
Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.