Bozeman Real Estate Market Report Week 2 October 2013
Inventory of Bozeman homes, condos, townhomes was softening this past week, though activity picked up a bit.
The Bozeman real estate Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
The Bozeman homes market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We're already seeing prices move lower as a result.
Expect this trend to continue expecially if the index falls to the Buyer's zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Bozeman's real estate market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
The median list price of homes in BOZEMAN, Montana this week is $387,450
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