Bozeman Real Estate Report Week 2 November 2013
Inventory has been lightening lately and the Market Action Index has been trending up.
Though days-on-market is increasing, these are mildly positive indications for the Bozeman's real estate market.
Bozeman's home market has been at a stasis point in terms of sales to inventory., as more Bozeman homes become available and consumer demand for houses declines.
However, Bozeman home prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller's market so it is likely that the downward pricing pressure will be light or variable.
Watch for an up-shift in the MAI before price stability is achieved, signaling Bozeman house prices increasing once again.
As noted in previous weeks, this portion of our southwest Montana Real Estate market has been on a downward trend and this week, while again remaining flat, doesn't break us out of that cycle.
Median list price, homes for sale in Bozeman, Montana this week is $395,00
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