Bozeman Real Estate Forecast

2019 Bozeman Real Estate Market Forecast and Bozeman Home Sales History

2019 PENDING

2018 Bozeman Real Estate Market Forecast – Check Out Bozeman Price Trends

The Bozeman real estate market prediction was for continued growth and Bozeman new home construction was to continue upward at a strong rate. Bozeman home prices continued rising through year’s-end 2018. The housing prediction was for Bozeman home prices to flatten to around 2017 Q4 prices, but this did not happen; by December 2018, prices continued upward for all housing. See “Median Sales Price – By Year Built,” specifically green line below.

Bozeman Real Estate Median Home Sales Price by Year

Median Bozeman Home Sales Price by Year – Constant Update

The 2017 US National Home Sales and Housing Market

Based upon the positive US housing forecast for 2017, the Bozeman real estate forecast followed the trend, especially because Bozeman is one of the United States’ fastest growing micropolitan cities.

In early 2015, Lawrence Yun, chief economist with the National Association of Realtors (NAR) stated, “Over 80% of millennial and Gen X buyers consider their home purchase a good financial investment, and the desire to own a home of their own was the top reason given by Millennials for their purchase.”

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Bozeman Montana realty forecast, home sales, trends are available with Taunya Fagan, 406.579.9683 – Southwest Montana dream homes or unique Bozeman real estate.

Previous Years’ Bozeman Housing Market History

Tap or Click Graphs For Larger View

Supply of Bozeman Homes for Sale by Month

Month’s Supply of Bozeman Homes For Sale – Constant Update

2017 Bozeman Real Estate Trends

Nationwide, 2017 predictions were that homes sales would be robust, according to the the Mortgage Bankers’ Association (MBA), National Association of REALTORS® (NAR), Freddie Mac, Fannie Mae, and others.

After being elected November 2017, Donald Trump was considering a bill to forgive student loan debt after 15 years. Many Millennials and younger adults still have difficulty paying both for high student loan debt and home mortgages.

On the other hand, Gen Y buyers should keep home and condominium sales strong into 2020.

In 2017, in some major markets, top forecasters indicated home sale appreciation at around 10%. Some aspects affecting the US economy were the possibility of further interest rate increases, US Government deregulation, and labor shortages.

Bozeman Real Estate: Closed Bozeman Home Sales By Year Built

Bozeman Real Estate: Closed Bozeman Homes Sales By Year Built – Constant Update

2016 Bozeman Real Estate Trends

NAR predicted 2016 US home sales would be about 5.8 Million, and in 2017 NAR predicted housing sales would increase to about 6 million. MBA was banking on 6.5 million home sales.

In 2016, Freddie Mac and Fannie Mae were predicting 6.2 million. Housing starts were predicted to increase 1.5 million/year into 2040, and 160,000 homes would be constructed/year up to 2040.

Bozeman Homes For Sale By Year Built

Bozeman MT Homes For Sale By Year Built – Constant Update

2015 Single Family Home Price History

Statewide in 2015, Billings home prices rose 4.7%, prices in Great Falls increased slightly–by 0.9%–(2016 has its residential housing prices increasing 4.6%), Missoula’s home prices grew by 3.6%, Bozeman home prices appreciated 4%.

Bozeman Real Estate Prices: Average Percent of Last List Price By Year Home Built

Bozeman Real Estate Prices: Average Percent of Last List Price By Year Home Built – Constant Update

2014 Bozeman Real Estate Sale Prices

Though inventory in late 2014 was lower than earlier in 2014, continued sales demand and fewer Bozeman, Montana homes listed for sale contributed to a relatively long run of price increases until late Summer 2014.

The inventory of Bozeman homes declined into October 2014, and at that time supply and demand levels showed signs of price stabilization for Bozeman luxury homes, residential dwellings, condos, and townhouses. Prices for Bozeman homes for sale hit another all time high in August 2014.

2013 Bozeman Realty Prices

In late 2013, the market cooled off as supply caught up with demand. Bozeman home prices fell somewhat, but overall 2013 was the best real estate sales year in southwest Montana since 2006.

2012 Bozeman Property Prices

In 2012, Bozeman home sales were booming, with the highest home prices in the Montana. The region was once again attracting investors, and those with a few extra dollars to spend on Bozeman Montana real estate from Montana’s oil business. The artsy community of Bozeman was a draw to many out-of-state people searching for second homes. Bozeman home values were forecast to inflate the most for any area of Montana, averaging a 2.9% increase by years end.

2011 Bozeman Homes and Property Prices

In 2011, Housing Predictor’s Montana rankings had four Montana cities‘ home values trending upward: Great Falls at a 2.9% increase, followed by Missoula, which was poised to rise 2.4%, Bozeman home values predicted to rise 2.0% , and indications pointed to Billings having a 1.6% increase in its residential housing prices.

2010 Bozeman MT Home Prices

Pertaining to Montana real estate prices for 2010, Housing Forecaster had Montana real estate prices dropping an average of 2.5% across Montana, with its top four cities all posting declines: Billings down 4.2%, Great Falls declining 3.6%, Missoula dropping 3.1%, and Bozeman down 2.3%.

2009 Bozeman Montana Home Prices

Based on US housing data received during 2009, Housing Predictor published a top 25 US Housing Market ranking. Five Montana cities placed in the top 25 for 2009: Bozeman 14th, Billings 18th, Livingston, MT 20th, Great Falls 22nd, and Missoula 25th.

2008 Bozeman Real Estate Trends

In 2008, Housing Predictor Montana Rankings had five Montana cities in the top 25 and two within the top 10 (you may recall that in January 2009, Billings ranked 3rd and Bozeman ranked 9th, placing both cities in the top 10 for US home values appreciation in 2009).

According to the National Association of Realtors in 2016, 89% percent of Millennials, 87% of Gen Xers, and 85% of Younger Boomers purchased their home through a real estate agent.

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BOZEMAN MONTANA REAL ESTATE REPORTS

Taunya Fagan, PureWest Properties, REALTOR®, ABR, CRS, GRI, Top Bozeman Real Estate Sales and Consulting Services – 
Christie’s International Real Estate, 1612 W. Main Street, Bozeman, Montana 59715 – Christie’s Luxury Homes Specialist – 406.579.9683

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