BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for July 2018, revealing increases in pending sales, average sales prices and a tightening inventory of available homes.

Single-family sales fell 17.8 percent in July 2018 compared to last year, going from 163 to 134 units sold, while the average sales price in the single-family market increased 10.6 percent. Condo/townhouse sales increased 17.6 percent, rising from 74 to 87 units sold, and the average sale price in the condo/townhouse market jumped 9.2 percent.

“The Gallatin area continues to see a competitive seller’s market,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Average sales prices are up, while the inventory of available homes continues to tighten. If you’ve considered putting your home on the market, now is the time to call one of the Gallatin area REALTORS.”
 
Single Family Homes – Gallatin County – July 2018
The number of new single-family listings fell slightly from 209 in July 2017 to 192 this July, an 8.1 percent decrease. The number of pending sales increased slightly from 147 to 155, a 5.4 percent jump over last year. The number of units sold decreased 17.8 percent, from 163 last July to 134 this year. The average number of days on market was 48, a 30.4 percent decrease from 69 last year, and the month’s supply of inventory decreased 7 percent, from 4.3 to 4.0.
 
Condo/Townhouse Market – Gallatin County – July 2018
The number of new listings in the Gallatin County condo/townhouse market increased 14.7 percent in July 2018 compared to the same period last year, going from 75 to 86. Pending sales decreased 2.8 percent, from 72 to 70, and the number of closed sales increased 17.6 percent, from 74 to 87. The average sale price increased 9.2 percent, from $313,213 in July 2017 to $342,169 last month, and the month’s supply of inventory fell 14.3 percent, from 3.5 to 3.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

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BOZEMAN, MT -- The Gallatin Association of REALTORS®’ board of directors recently voted to endorse three candidates running in the November 6, 2018 general election. GAR is endorsing Democrat Jim Hamilton for Montana State House in District 61, Democrat Chris Pope for Montana State House in District 65, and Republican Steve White for Gallatin County Commissioner.

Jim Hamilton is running for his second term in the Montana House of Representatives.  He has served on the Taxation, Transportation and Agriculture committees and was appointed to a new subcommittee to study Montana’s tax structure.  He resides in Bozeman and is a community volunteer, firefighter and Rotarian.

Chris Pope, a former commercial REALTOR® and small business owner, is running for his second term in the Montana House of Representatives.  Pope, a Bozeman resident, was one of the driving forces behind the rebuilding of Main Street after the gas explosion in 2005.

Steve White is currently serving a six-year term as Gallatin County Commissioner and serves as the board's current chair.  He owned and operated a software company prior to being elected in 2006, is a graduate of Montana State University, and previously served as Chair of the Gallatin County Republican Party Finance Committee.

“We conducted a thorough selection and interview process to learn where the candidates stand on the issues, find out if they understand the economic importance of the real estate industry, and ascertain which of them will support policies that promote economic growth, home ownership and private property rights in the Gallatin Valley area," said GAR President Michelle Haverstick. "Based on the insight gained during this vetting process, we believe Jim Hamilton, Chris Pope and Steve White are the right choices for voters who want to see our area grow and prosper."

BOZEMAN, MT -- July 24, 2018 -- The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for the second quarter of 2018, revealing an increase in sales volume and a tightening inventory of available homes.
 
Single-family sales jumped 10.1 percent in the second quarter of 2018 compared to last year, going from 425 to 468 units sold, while the average sales price in the single-family market increased 13.1 percent. Condo/townhouse sales increased 15.4 percent, rising from 208 to 240 units sold, and the average sale price in the condo/townhouse market jumped 21.1 percent.

“The Gallatin area residential real estate market continues to demonstrate strength as we move into summer,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Sales volume and average sales prices are up, while the inventory of available homes remains tight. All signs point to a competitive seller’s market in the heart of our busiest season.”
 
Single Family Homes – Gallatin County – June 2018
The number of new single-family listings in June 2018 increased slightly from 242 to 247 compared to June 2017, a 2.1 percent jump. The number of pending sales also increased slightly from 140 to 142, a 1.4 percent change over last year. The number of units sold decreased 7.8 percent, from 193 last June to 178 this year. The average number of days on market was 54, a 15.6 percent decrease from 64 last year, and the months supply of inventory decreased 7.3 percent, from 4.1 to 3.8.
 
Condo/Townhouse Market – Gallatin County – June 2018
The number of new listings in the Gallatin County condo/townhouse market decreased 27.2 percent in June 2018 compared to the same period last year, going from 125 to 91. Pending sales decreased 4.2 percent, from 95 to 91, and the number of closed sales decreased 8.4 percent, from 83 to 76. The average sale price increased 18.3 percent, from $317,084 in June 2017 to $375,124 last month, and the months supply of inventory fell 22.9 percent, from 3.5 to 2.7.

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BOZEMAN, MT -- [June 28, 2018] -- The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for May 2018, revealing increases in units sold and sales prices and an increasingly tight inventory of available homes.

Single-family sales jumped 9.3 percent in May 2018 compared to May 2017, going from 140 to 153, and the average sales price in the single-family market increased 19.6 percent. Condo/townhouse sales increased 15.3 percent, rising from 72 to 83, while the average sale price in the condo/townhouse market increased 32.3 percent.

“The Gallatin area continues to see a competitive seller’s market as we move into summer,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Total sales and average sales are up, while the inventory of available homes remains tight. All signs point to a competitive market through the summer of 2018.”
 
Single Family Homes – Gallatin County – May 2018
The number of new single-family listings increased from 222 to 228 in May 2018 compared to May 2017, a 2.7 percent jump. The number of pending sales remained unchanged at 155, while the number of units sold increased 9.3 percent, jumping from 140 to 153. The average number of days on market decreased slightly from 56 last year to 51 this year, an 8.9 percent drop, while the month’s supply of inventory fell 13.9 percent, from 3.6 to 3.1.
 
Condo/Townhouse Market – Gallatin County – May 2018
The number of new listings in the Gallatin County condo/townhouse market decreased 18.9 percent in May 2018 compared to the same period last year, falling from 106 to 86. Pending sales jumped 14.9 percent, from 74 to 85 and the number of units sold increased 15.3 percent, from 72 to 83. The average sale price saw a 32.3 percent spike, jumping from $276,795 in May 2017 to $366,178 last month, and the month’s supply of inventory fell 20.6 percent, from 3.4 to 2.7.

The Gallatin Association of REALTORS® (GAR) and the Big Sky Country MLS are the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), GAR represents the interests of its members in southwestern Montana. For more information, visit http://www.GallatinRealtors.com.

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BOZEMAN, MT – The Gallatin Association of REALTORS® (GAR) recently released its residential real estate market statistics for April 2018, revealing increases in units sold and sales prices and a tightening inventory of available homes.
 
Single-family sales jumped 46.7 percent in April 2018 compared to last year, going from 92 to 135, and the average sales price in the single-family market increased 22.4 percent. Condo/townhouse sales increased 45.3 percent, rising from 53 to 77, and the average sale price in the condo/townhouse market increased 12.7 percent.“The Gallatin area residential real estate market continues to be extremely competitive,” said Steve Candler, CEO of the Gallatin Association of REALTORS®. “Total units sold and average sales prices are up, while the inventory of available homes is down. This points to a seller’s market as we move into Summer.”
 
Single Family Homes – Gallatin County – April 2018
The number of new single-family listings in April 2018 decreased slightly from 181 to 167 compared to April 2017, a 7.7 percent drop. The number of pending sales fell only 1.2 percent, from 172 to 170. The number of units sold increased 46.7 percent, from 92 last April to 135 this year. The average number of days on market was 75, the same as last year, while the month’s supply of inventory decreased 21.2 percent, from 3.3 to 2.6.
 
Condo/Townhouse Market – Gallatin County – April 2018
The number of new listings in the Gallatin County condo/townhouse market decreased 15.9 percent in April 2018 compared to the same period last year, going from 88 to 74. Pending sales fell 2.5 percent, from 81 to 79, while the number of closed sales increased 45.3 percent, from 53 to 77. The average sale price increased 12.7 percent, from $340,078 in April 2017 to $383,302 last month, and the month’s supply of inventory fell slightly, from 3.0 to 2.7.

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