MTPR

Missoula Organization of Realtors

House for sale.
(PD)

More homes were sold in Missoula last year than any other year on record. That’s according to a new report released today by the Missoula Organization of Realtors.

The latest housing report illustrates just how hot Missoula’s housing market is. In short, it’s white hot. Buyers snapped up over 1,500 homes; 151 more than in 2016.

Missoula County Property listings by price range.
Missoula Organization of Realtors

Missoula Realtors released a report Tuesday with recommendations on how to make housing more affordable. Among them: Streamlining regulations on housing development, creating incentives for building less expensive homes and encouraging more local government collaboration on housing and land use policies.

Fewer homes sold in the Missoula area during the first three quarters of this year compared to the same time last year, but a local real estate official says he's not too worried.

In fact, Brint Wahlberg says Missoula's housing market continues its steady recovery.

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 :