Buying a Home?
 

What’s ahead for mortgage rates in 2025? Expert forecasts show they’re projected to come down over the next year. But it won’t be a straight line – you should expect some volatility. Even so, the overall trend is great news for your buying power.  

Homes for Sale
Months of Inventory 

From a low in 2021 and 2022, the inventory of homes for sale has significantly risen.  Now we have almost 11 months worth of overall residential inventory (all price ranges) and a little over 1,300 homes for sale.

However while that looks like a really positive thing for buyers, the damper on that is that approximately 40% of the available inventory in NW Montana is listed over $1,00,0000. The median price for sales is much less at about $625,000. So the reality of available inventory can be somewhat misleading in these graphs for most buyers. We are still seeing competition and prices continuing to rise in the "under $1 Million" category. In 2023 the median was $590,000 - This year it is now at $625,000  - that's a rise of 5.9%.

Marina Cay Condo
Bigfork, MT

$565,000

Very well-kept timeless condominium at Marina Cay's elevated Hill Building West. Sitting balcony and Dining Room have views through to Flathead Lake. Spacious open Living, Dining and Kitchen area for easy conversation. Primary bedroom suite with private bathroom, Guest bedroom and full bathroom, laundry and lockout storage closet for owners. Upgraded since original construction. Sellers have rented unit through Stay Montana, a local short term rental mgmt company.  (mls 30027667)