Bozeman, MT housing market

In Bozeman right now, the typical seller is asking over a million dollars while the typical home is worth about seven hundred seventy thousand dollars, and that gap is the whole story this month. The median list price sits at roughly one million nineteen thousand dollars, but the typical home value is about seven hundred seventy thousand dollars, and values actually slipped about 0.8 percent over the past year. Sellers are still aiming high even as the market underneath them cools slightly. Buyers, for their part, are not rushing. Homes are taking around 52 days to sell, which gives anyone shopping real room to think and negotiate. There are about 445 homes for sale, with roughly 178 new listings hitting the market this month, so choices keep growing. And only about 12 percent of listings have cut their price so far, which tells me most sellers have not adjusted yet. If you are selling in Bozeman, price to today's value, not last year's memory. An ambitious list price here means sitting for weeks, then chasing the market down.