Missoula Housing Market
4:19 pm
Mon July 21, 2014

Missoula Home Sales Lagging, Prices Rising

Missoula's housing market is warming up just a bit.

In the words of Missoula Organization of Realtors President, Brint Wahlberg, it's slowly but steadily improving.

The number of homes sold the first six months of this year stands at 454, compared to 557 during the first half of last year. The median "sold price" rose to $220,500 from $214,000 during the same period in 2013.

Wahlberg explains to Edward O'Brien the three main factors behind the lagging sales. The first one is interest rates :