The median home price is the price for a given period of time where half the homes sold for higher and half sold for less.
Home sales represents the number of closed residential sale transactions during the indicated time period.
Listing inventory represents the number of unsold residential listings at the end of the indicated time period.
The absorption rate is a theoretical measure of how many months it would take to deplete a given level of inventory based on a given monthly rate of sales. For example, if there are 100 homes on the market, and 100 homes sold during the previous 6 months , then the absorption rate would be 6 months. (100 homes on the market) ÷ (100 homes sold ÷ 6 months) = 6 months In general, absorption rates below 6 months indicate a sellers market. Rates above 6 months indicate a buyers market.
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Listing information deemed reliable but not guaranteed. Read full disclaimer.
The multiple listing information is provided by the Missoula County Association of REALTORS®, Inc. dba Missoula Organization of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2013 Missoula County Association of REALTORS®, Inc. All Rights Reserved.
The information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The foregoing material was abstracted from the MOR MLS Share Program of the Missoula Organization of REALTORS®, Multiple Listing Service and does not contain all of the information available at the source site. Please request further information when considering these properties. Properties listed by brokerage firms other than (name of office) are marked with MOR MLS Share. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor (name of office) shall be responsible for any typographical errors, misinformation, misprints, and shall be held harmless. © 2013 Missoula County Association of REALTORS®, Inc. Information last updated on 12/3/13 4:23 AM PST.
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