Market Report - January 2023
How is the Market?
The Market has slowed as buyers watch what will happen with the economy and interest rates. There are still buyers and more demand than there is inventory meaning it still is a seller's market.
Current data for Great Falls, Montana
Current data for Great Falls, Montana
Current data for Great Falls, Montana
$295,000
Median price sold
40
Homes sold
63%
Sold to list ration
69
Median days on market
.7
Months of inventory
Sellers
Market
What it means for Sellers
What It Means for Sellers
Buyers are more cautious due to the higher interest rates. They may not be in a hurry to buy depending on their reasons for buying. The key is that inventory is still low for the current demand making it a seller's market. The Electric references Adam Seidman's quote that Moody's projects 2,000 new jobs in Great Falls by the end of 2026. Growth is coming to Great Falls due to an increase in jobs as well as the fact that it is the most affordable of the bigger cities in Montana.
Contact us to give you a comparable market analysis in order to know your home's worth and determine how to best prepare it to show strong on the market when sold.
What it means for Buyers
What it means for Buyers
Even though it is currently a seller's market, we can help you find your home by being well prepared to attain it when you find it.
We will guide you through having financing ready, if needed, and developing the right mindset for the market. This takes your expectations into account, combined with reality and perspective. We want you to have the home of your dreams without the stress. Finding what is available within your budget, while still being able to make a strong offer during this competitive market is key. Once you have determined these important factors, you will need to act fast. Homes are going quickly and delays mean you can miss out on an offer. The preparation in consulting ahead of time makes all the difference in the outcome of finding your home.
We want to make this process of finding your home as smooth as possible by eliminating the guesswork and giving you the edge when it comes to obtaining the keys to your future home.