Is the Spring Market Starting Early?
February 13, 2023by Sarah Day
The
number of residential listings in Gallatin County has gone up 94.5% in the past
month (December 2022 to January 2023). Pending sales are also up 47.4% and
median days on market are down slightly, by 15.8% to 48 days.
The
median sales price is also up across the county except for in Big Sky,
Manhattan and Three Forks. Last month I shared that the median price of condos
was down 27%. Since then, the median price has come back up over 25% to
$425,000.
Our
spring market might be starting even earlier than expected! If you've been
thinking about buying or selling, now might be a great time to start the
process. There are some benefits to being ahead of the spring market rush!
When do YOU think it will
feel like spring?!
It's only mid-February but if you're
like me you've probably had spring fever since the 60 degree temperature swing
around Christmas.
According to the calendar, spring will
officially start and winter will be over on Monday, March 20th. Google says the
average temperature in Bozeman during spring is around 55 degrees. Do you think
it will hit 55 degrees by March 20th?!
Let me know what day in 2023 you think it will first hit 55
degrees or more in Bozeman, Montana. The closest guess will win a $25 gift card
to Wild Joe's Coffee Spot. Send me your guess before March 1, 2023 by email,
calling or sending a DM on social media.