Bozeman homes inventory and days-on-market are both trending higher. However, the improving Market Action Index implies some increased demand in Bozeman Montana real estate will temper the negative trends.
Bozeman home sales have been exceeding new inventory for several weeks.
While still a Buyer's market, Bozeman real estate prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Despite this week's decline, the price trend remains upward for several weeks. A persistent drop of the Market Action Index into the Buyer's zone will be a leading indicator of Bozeman MT homes price strength subsiding.
The median list price in BOZEMAN, MT this week is $512,400
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