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Real Estate

Market Trends: Active and Sold

Flathead County home sale quantities, active and sold, by segment

By Richard Dews

Flathead County real estate activity is glaringly different than it was three years ago, for single-family residences originally listed for less than $600,000 (2+ beds, 1+ baths, 900+ square feet). I charted the counts of active and sold listings, by month, by original list price range, by $100,000 segments ($200,000 through $899,999). The $200k-$299k segment has dwindled into near oblivion, and all segments less than $600k have seen active listings dry up; but that’s not the whole story. (For the print edition, we’ve selected one price range — $300,000 through $399,999 — but the online version of this column has a GIF with rotating charts with a series of price ranges.)

Active listings (MLS status of Active or ‘A’) may be available for offers, or they may already be under con-tract and taking backup offers (MLS status of Active or ‘A,’ with a contingent code of ‘T’). Buy/Sell Agreements often have contingencies, wherein the deal gets cancelled or altered depending upon many conditions or triggers. How a deal is going, how likely to close or bust, possibility of a secondary (or future) offer being considered, these are the purview of the seller and their listing agent.

Deals can turn on a dime, contingencies come and go, so what’s the percentage of Active listings that are “under contract taking backup offers” — well, it is extremely dynamic, can change daily or even hourly, and I don’t throw myself into trying to track it. Who has the hourly or daily details? Realtors.

© Copyright 2021 by Richard Garrett Dews. All rights reserved. Research based, in part, upon information from the Montana Regional MLS, LLC.

GIF (rotating charts with different price ranges):

© Copyright 2021 by Richard Garrett Dews. All rights reserved. Research based, in part, upon information from the Montana Regional MLS, LLC.

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