ARTICLES OF INTEREST:

More Direct Flight Cities to Bozeman
How The Latest Changes to FICO Could Affect You
FHA Expands Options for Condo Financing
Turning Farmland into Agrihoods

Bozeman Real Estate Report

The fastest-growing micropolitan in the entire United States, Bozeman real estate is something to watch! Keep up to date on everything Bozeman, real estate, market statistics, and our personal thoughts on the future market.  Stay one step ahead with us, your local real estate experts.  Sign up below for a complimentary report. 

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ENGEL&VÖLKERS

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Introducing Engel & Völkers Ranches 

Western Ranches and Farms for Sale
Engel & Völkers Ranches & Recreation brings you the best of western life in the great outdoors. Advisors from around the western states are here to help you find the best fit. With years of experience, not only in real estate, but water rights & land rights, farming, ranching, and life in the west, our ranch advisors help match you with the right home.

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MARKET STATISTICS

Mortgage Rates Are Dropping, Take Advantage Today! January 2020 For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price - 1.9% growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long-term NAR economist predicts. He is also expecting the new-home construction market sales to increase by 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment. Closed Sales increased 83.9 percent for Single Family homes and 11.9 percent for Condo/Townhouse homes. Pending Sales increased 9.4 percent for Single Family homes and 69.8 percent for Condo/Townhouse homes. Inventory decreased 13.2 percent for Single Family homes but increased 21.0 percent for Condo/Townhouse homes. The Median Sales Price decreased 6.1 percent to $450,000 for Single Family homes but increased 1.4 percent to $338,000 for Condo/Townhouse homes. Days on Market decreased 28.8 percent for Single Family homes but increased 30.5 percent for Condo/Townhouse homes. Months Supply of Inventory decreased 16.7 percent for Single Family homes but increased 14.3 percent for Condo/Townhouse homes. We start off the year with continued low-interest rates, low unemployment, and rising rents nationally. These factors should encourage healthy buyer demand and sets us up for a strong start to the 2020 housing market and a lot of optimism for the coming spring market. Click the graphs below for the full reports. If you would like to know where your property lands, schedule an appointment with one of our real estate advisors for a complimentary property evaluation. Click here

  

Engel & Völkers - Watch the Life of Your Listing

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