#HomeSalesShow Housing Market Report Data for March 2018, Bozeman, Belgrade, Three Forks, Big Sky Livingston

1. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Homes for Sale
Bozeman & Belgrade & Three Forks & Big Sky
0
100
200
300
400
500
2016 2017 2018
418
328
283
-21.5% -13.7%
72
53 54
-26.4% +1.9%
21
34
19
+61.9% -44.1%
257
213
165
-17.1% -22.5%
Bozeman Belgrade Three Forks Big Sky

2. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March New Listings
Bozeman & Belgrade & Three Forks & Big Sky
0
50
100
150
200
250
2016 2017 2018
187
178 178
-4.8% 0.0%
44
52 49
+18.2% -5.8%
10 12
6
+20.0% -50.0%
32
41
24
+28.1% -41.5%
Bozeman Belgrade Three Forks Big Sky

3. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Pending Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
50
100
150
200
250
2016 2017 2018
185
149
156
-19.5% +4.7%
36
52 48
+44.4% -7.7%
11 7 7
-36.4% 0.0%
22
31
42
+40.9% +35.5%
Bozeman Belgrade Three Forks Big Sky

4. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Closed Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
20
40
60
80
100
120
140
2016 2017 2018
108
112 111
+3.7% -0.9%
29
39
32
+34.5% -17.9%
2 4 4
+100.0% 0.0%
19
27 27
+42.1% 0.0%
Bozeman Belgrade Three Forks Big Sky

5. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is activity year to date. Data is from April 6, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Closed Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
50
100
150
200
250
300
350
2016 2017 2018
269
280 278
+4.1% -0.7%
73
89
77
+21.9% -13.5%
4 5
15
+25.0% +200.0%
48
54 56
+12.5% +3.7%
Bozeman Belgrade Three Forks Big Sky

6. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Average Sales Price
Bozeman & Belgrade & Three Forks & Big Sky
$0
$0.2M
$0.4M
$0.6M
$0.8M
$1.0M
$1.2M
2016 2017 2018
$377,148
$415,179 $424,445
+10.1% +2.2%
$235,366
$274,808
$285,613
+16.8% +3.9%
$240,000
$152,225
$194,625
-36.6% +27.9%
$844,928
$799,107
$978,067
-5.4% +22.4%
Bozeman Belgrade Three Forks Big Sky

7. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Months Supply of Homes for Sale
Bozeman & Belgrade & Three Forks & Big Sky
0.0
5.0
2.5
7.5
10.0
12.5
15.0
17.5
2016 2017 2018
3.2
2.5
2.2
-21.9% -12.0%
2.2
1.4 1.4
-36.4% 0.0%
4.1
5.9
2.6
+43.9% -55.9%
14.0
10.0
6.8
-28.6% -32.0%
Bozeman Belgrade Three Forks Big Sky

8. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Median Days on Market
Bozeman & Belgrade & Three Forks & Big Sky
0
50
25
75
100
125
150
175
2016 2017 2018
57
37
23
-35.1% -37.8%
25 27 27
+8.0% 0.0%
98
129
19
+31.6% -85.3%
152 153
90
+0.7% -41.2%
Bozeman Belgrade Three Forks Big Sky

9. Office: (832) 326-5787
Courtney@CourtneyFoster.com
www.ReferredRealtyMT.com
Courtney Foster
Referred Realty Group
Each data point is one month of activity. Data is from April 5, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
March Median Price Per Square Foot
Bozeman & Belgrade & Three Forks & Big Sky
$0
$100
$200
$300
$400
2016 2017 2018
$164
$174
$198
+6.1% +13.8%
$123
$144
$177
+17.1% +22.9%
$122
$99
$150
-18.9% +51.5%
$262
$319
$351
+21.8% +10.0%
Bozeman Belgrade Three Forks Big Sky

10. Local Market Update – February 2018
This is a research tool provided by the Big Sky Country MLS
Bozeman City Limits
Single Family February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 51 40 - 21.6% 94 91 - 3.2%
Pending Sales 32 47 + 46.9% 71 88 + 23.9%
Closed Sales 17 38 + 123.5% 55 70 + 27.3%
Days on Market Until Sale 104 56 - 46.2% 86 57 - 33.7%
Median Sales Price* $348,400 $456,000 + 30.9% $355,000 $432,475 + 21.8%
Average Sales Price* $425,216 $490,714 + 15.4% $424,754 $478,339 + 12.6%
Percent of List Price Received* 100.1% 99.2% - 0.9% 99.8% 99.3% - 0.5%
Inventory of Homes for Sale 116 85 - 26.7% –– –– ––
Months Supply of Inventory 2.4 1.8 - 25.0% –– –– ––
Condo/Townhouse February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 34 29 - 14.7% 82 54 - 34.1%
Pending Sales 29 32 + 10.3% 71 68 - 4.2%
Closed Sales 24 19 - 20.8% 51 45 - 11.8%
Days on Market Until Sale 139 49 - 64.7% 187 50 - 73.3%
Median Sales Price* $267,640 $320,000 + 19.6% $297,000 $293,075 - 1.3%
Average Sales Price* $324,746 $360,923 + 11.1% $368,598 $363,225 - 1.5%
Percent of List Price Received* 100.3% 98.6% - 1.7% 100.0% 99.2% - 0.8%
Inventory of Homes for Sale 54 70 + 29.6% –– –– ––
Months Supply of Inventory 1.4 1.9 + 35.7% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Bozeman City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Bozeman City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$100,000
$150,000
$200,000
$250,000
$300,000
Current as of March 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

11. Local Market Update – February 2018
This is a research tool provided by the Big Sky Country MLS
Belgrade
Single Family February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 26 25 - 3.8% 50 52 + 4.0%
Pending Sales 24 31 + 29.2% 51 52 + 2.0%
Closed Sales 18 23 + 27.8% 36 33 - 8.3%
Days on Market Until Sale 106 65 - 38.7% 80 61 - 23.8%
Median Sales Price* $269,250 $320,000 + 18.8% $262,450 $284,000 + 8.2%
Average Sales Price* $329,639 $389,833 + 18.3% $294,840 $357,292 + 21.2%
Percent of List Price Received* 97.0% 99.4% + 2.5% 98.1% 99.2% + 1.1%
Inventory of Homes for Sale 43 39 - 9.3% –– –– ––
Months Supply of Inventory 1.7 1.3 - 23.5% –– –– ––
Condo/Townhouse February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 7 7 0.0% 13 12 - 7.7%
Pending Sales 5 7 + 40.0% 11 14 + 27.3%
Closed Sales 3 2 - 33.3% 6 4 - 33.3%
Days on Market Until Sale 119 19 - 84.0% 62 36 - 41.9%
Median Sales Price* $162,500 $212,500 + 30.8% $156,250 $212,500 + 36.0%
Average Sales Price* $160,833 $212,500 + 32.1% $157,867 $225,125 + 42.6%
Percent of List Price Received* 99.5% 98.1% - 1.4% 100.0% 98.5% - 1.5%
Inventory of Homes for Sale 8 8 0.0% –– –– ––
Months Supply of Inventory 1.1 1.1 0.0% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Belgrade
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Belgrade
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Current as of March 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

12. Local Market Update – February 2018
This is a research tool provided by the Big Sky Country MLS
Greater Big Sky
Single Family February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 10 16 + 60.0% 12 23 + 91.7%
Pending Sales 3 16 + 433.3% 8 22 + 175.0%
Closed Sales 3 5 + 66.7% 4 5 + 25.0%
Days on Market Until Sale 206 201 - 2.4% 200 201 + 0.5%
Median Sales Price* $1,995,000 $1,995,000 0.0% $1,722,500 $1,995,000 + 15.8%
Average Sales Price* $2,148,333 $1,879,332 - 12.5% $1,737,500 $1,879,332 + 8.2%
Percent of List Price Received* 95.7% 99.3% + 3.8% 95.6% 99.3% + 3.9%
Inventory of Homes for Sale 83 67 - 19.3% –– –– ––
Months Supply of Inventory 15.2 8.7 - 42.8% –– –– ––
Condo/Townhouse February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 19 11 - 42.1% 27 34 + 25.9%
Pending Sales 17 20 + 17.6% 37 38 + 2.7%
Closed Sales 14 9 - 35.7% 21 21 0.0%
Days on Market Until Sale 158 121 - 23.4% 171 104 - 39.2%
Median Sales Price* $367,500 $290,000 - 21.1% $365,000 $300,000 - 17.8%
Average Sales Price* $414,068 $371,056 - 10.4% $390,140 $383,286 - 1.8%
Percent of List Price Received* 96.3% 96.9% + 0.6% 95.3% 96.4% + 1.2%
Inventory of Homes for Sale 104 112 + 7.7% –– –– ––
Months Supply of Inventory 7.1 7.8 + 9.9% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Greater Big Sky
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Big Sky
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Current as of March 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

13. Local Market Update – February 2018
This is a research tool provided by the Big Sky Country MLS
Livingston City Limits
Single Family February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 14 5 - 64.3% 21 14 - 33.3%
Pending Sales 15 6 - 60.0% 28 12 - 57.1%
Closed Sales 8 1 - 87.5% 14 10 - 28.6%
Days on Market Until Sale 85 0 - 100.0% 78 31 - 60.3%
Median Sales Price* $252,250 $265,000 + 5.1% $209,000 $246,600 + 18.0%
Average Sales Price* $256,416 $265,000 + 3.3% $226,359 $243,020 + 7.4%
Percent of List Price Received* 97.6% 98.5% + 0.9% 97.0% 94.4% - 2.7%
Inventory of Homes for Sale 29 23 - 20.7% –– –– ––
Months Supply of Inventory 2.4 1.9 - 20.8% –– –– ––
Condo/Townhouse February Year to Date
Key Metrics 2017 2018 % Change Thru 2-2017 Thru 2-2018 % Change
New Listings 1 2 + 100.0% 1 5 + 400.0%
Pending Sales 0 3 –– 0 6 ––
Closed Sales 0 3 –– 1 5 + 400.0%
Days on Market Until Sale –– 84 –– 76 51 - 32.9%
Median Sales Price* –– $205,000 –– $148,000 $211,000 + 42.6%
Average Sales Price* –– $197,000 –– $148,000 $205,400 + 38.8%
Percent of List Price Received* –– 92.5% –– 96.7% 95.5% - 1.2%
Inventory of Homes for Sale 7 5 - 28.6% –– –– ––
Months Supply of Inventory 4.2 1.6 - 61.9% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Livingston City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Livingston City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Current as of March 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.