Real Estate Blog

Bozeman Absorption Rate March 26th

Posted: March 26, 2019 by Mark Corner

Whether you are buying or selling, it's important to know our Months Supply of Inventory.  A balanced market is a 6 month supply of homes.  Enough for buyers to find what they are looking for yet sellers can still get a fair price for their home.  For the past 3 years, Bozeman has had a shortage of inventory and the market has favored the seller.  In the past 12 months, single family home inventory has increased slightly from 1.7 months to 2.7 months of inventory.  Condo & Townhome inventory has decreased slightly from 1.8 months to 1.6 months of inventory.  Our current market favors the seller but good deals are still out there for buyers, you just have to look a little harder.

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