Affordable Housing a Key Part of Missoula's Market
I've written before about my focus on workforce housing both as an active agent and in teaching classes. But beyond how important I think affordable housing is, the numbers show that it is a huge, and growing, part of our total housing market. So far in 2009, homes that sold at prices between $100,000 and $250,000 comprise almost 72% of the total sales, which is up from last year's 66%. Click on the link to see the graph: graph of home sales by price. Part of this shift is the bigger relative decline in the number of sales of more expensive homes, at the same time that tax credits were stimulating first-time buyers to enter the market. I'll be putting up some more information on this market segment later in the week that will look at the trends in more detail.
I pulled the sales numbers from the MOR MLS database on single family homes (homes, condos, mobiles) in the Missoula urban area (E. Missoula to the Y and down to Lolo) priced above and below $250,000. Visit the Missoula Organization of Realtors' website at www.missoularealestate.com to learn MOR.
I pulled the sales numbers from the MOR MLS database on single family homes (homes, condos, mobiles) in the Missoula urban area (E. Missoula to the Y and down to Lolo) priced above and below $250,000. Visit the Missoula Organization of Realtors' website at www.missoularealestate.com to learn MOR.
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