2020 First Quarter Market Report

market watch
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The 2020 First Quarter Market Report for Western Montana shows a robust market that is a continuation of the past several years.  We continue to see many of the transactions close that were written prior to mid March.  As expected, the Shelter In Place is a reality for most people in the State of Montana, which currently is in effect through April 24. Because of this, the stable market we have enjoyed in the recent past has slowed down as showing activity levels dropped over the past month. The good news is that Real Estate was deemed an essential business in the State; therefore, we are able to actively perform our duties to assist our clients during these trying times; while still offering the safety protocols that have been set forth. Technology has allowed us to work in very creative ways.   
 
Inquires and communication with clients show a continued strong interest in Western Montana’s real estate.  However, we are anticipating a softer beginning to our 2nd Quarter due to our current Shelter In Place for locals and Quarantine rules for visitors.  It is too early to predict how the market will be affected by the Coronavirus in the longer term although we are optimistic that people will want to be in our beautiful area.
 
As we move forward, we will continue to list and sell property based out of our home offices, as efficiently and safely as possible.  Feel free to reach out for a showing or meeting via video chat or go to www.glaciersir.com or www.sothebysrealty.com to preview our exceptional properties.  
 
We’re here and ready to assist with any questions you have regarding our market. Please don’t hesitate to reach out if we can help you in any manner. We’re a community and we’re in this together. 
 
Stay healthy!