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Montana State Overview

Naomi M — Thu, 04 Oct 2007 15:43:57 -0500

Capital: Helena
Estimated 2004 population: 926,865
Change from 2000: +24,670
2004 housing units: 423,262
Housing units change from 2000-2004: +10,038

Montana Economy

Northern Rockies housing trends: High end properties are hot, entry-level properties are not

Wed, 31 Oct 2007 15:24:17 -0500

NewWest.Net held their second annual conference this month on Real Estate and Development in the Northern Rockies.

A panel made up of developers, investors and real estate agents, looked at the trends in the housing markets in and around Missoula, Hamilton, Bozeman, and Coeur d’Alene.

Missoula housing trends: Home prices are soaring, but affordability is declining

Wed, 31 Oct 2007 15:07:45 -0500

The Missoula Organization of Realtors released their report on Thursday, revealing the median home price in Missoula has reached $206,850 last year - a whopping $20,000 increase over the year before.

This price increase has put buying a home out of reach for the median income family, a condition largely caused by a lack of land to build on.

Montana housing market show signs of slowing

Thu, 31 May 2007 00:00:00 -0500

The Office of Federal Housing Enterprise Oversight reported the housing market slowdown is showing up in Montana. "We have definitely seen a deceleration in Montana's house price growth," said Paul Polzin, a University of Montana economist.

Overall, housing prices increased 2.5 percent in Montana during the first quarter of 2007, which ended March 31. That's down from 3.6 percent increase during the same quarter a year ago.

Missoula Montana continues housing boom

Sun, 29 Apr 2007 00:00:00 -0500

The total number of home sales in Missoula has been on the upswing since 2002, according to the Missoula Organization of Realtors. Last year alone, nearly 1,500 homes were sold, a 3.6 percent increase over the previous year.

“We are, as the statistics are showing, still part of the 31 percent of the national market that is increasing rather than decreasing,” said Mary Marry, the organization's board president.