Gallatin Valley home sales data for September 2018

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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Homes for Sale
Bozeman & Belgrade & Three Forks & Big Sky
0
100
200
300
400
500
600
2016 2017 2018
451
466
391
+3.3% -16.1%
97 89
122
-8.2% +37.1%
31 38
48
+22.6% +26.3%
224
181
131
-19.2% -27.6%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September New Listings
Bozeman & Belgrade & Three Forks & Big Sky
0
25
50
75
100
125
150
175
2016 2017 2018
125
147
131
+17.6% -10.9%
43
39
45
-9.3% +15.4%
17
4
14
-76.5% +250.0%
25
20
24
-20.0% +20.0%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Pending Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
25
50
75
100
125
150
175
2016 2017 2018
104 103
143
-1.0% +38.8%
38 37
32
-2.6% -13.5%
9 6
13
-33.3% +116.7%
29
24
19
-17.2% -20.8%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Closed Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
25
50
75
100
125
150
175
2016 2017 2018
149
120
123
-19.5% +2.5%
33
45
36
+36.4% -20.0%
7
3
8
-57.1% +166.7%
36
26
17
-27.8% -34.6%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Closed Sales
Bozeman & Belgrade & Three Forks & Big Sky
0
200
400
600
800
1,000
1,200
1,400
2016 2017 2018
1,228
1,130
1,168
-8.0% +3.4%
327
363 358
+11.0% -1.4%
56 44
67
-21.4% +52.3%
175
197 214
+12.6% +8.6%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September 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
$405,192
$426,185
$473,660
+5.2% +11.1%
$249,320
$308,871
$364,637
+23.9% +18.1%
$211,021
$253,830
$278,750
+20.3% +9.8%
$1,006,870
$875,538
$1,037,471
-13.0% +18.5%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Months Supply of Homes for Sale
Bozeman & Belgrade & Three Forks & Big Sky
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2016 2017 2018
3.4
3.7
3.1
+8.8% -16.2%
2.8
2.3
3.2
-17.9% +39.1%
4.6
7.2
5.9
+56.5% -18.1%
10.7
8.1
5.7
-24.3% -29.6%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Median Days on Market
Bozeman & Belgrade & Three Forks & Big Sky
0
100
50
150
200
2016 2017 2018
34
15
23
-55.9% +53.3%
9 9
21
0.0% +133.3%
85
51
45
-40.0% -11.8%
160
64
76
-60.0% +18.8%
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 October 9, 2018.
All data from Big Sky Country MLS, a subsidiary of the Gallatin Association of REALTORS®. InfoSparks © 2018 ShowingTime.
September Average Price Per Square Foot
Bozeman & Belgrade & Three Forks & Big Sky
$0
$100
$200
$300
$400
$500
2016 2017 2018
$176
$208
$220
+18.2% +5.8%
$139
$162
$182
+16.5% +12.3%
$112
$122
$151
+8.9% +23.8%
$369
$423
$378
+14.6% -10.6%
Bozeman Belgrade Three Forks Big Sky

10. Local Market Update – August 2018
This is a research tool provided by the Big Sky Country MLS
Bozeman City Limits
Single Family August Year to Date
Key Metrics 2017 2018 % Change Thru 8-2017 Thru 8-2018 % Change
New Listings 71 71 0.0% 510 538 + 5.5%
Pending Sales 51 59 + 15.7% 413 431 + 4.4%
Closed Sales 50 74 + 48.0% 383 419 + 9.4%
Days on Market Until Sale 50 34 - 32.0% 59 46 - 22.0%
Median Sales Price* $394,430 $452,500 + 14.7% $379,000 $425,000 + 12.1%
Average Sales Price* $435,643 $512,213 + 17.6% $415,642 $471,445 + 13.4%
Percent of List Price Received* 98.9% 98.5% - 0.4% 99.4% 99.2% - 0.2%
Inventory of Homes for Sale 148 158 + 6.8% –– –– ––
Months Supply of Inventory 3.2 3.2 0.0% –– –– ––
Condo/Townhouse August Year to Date
Key Metrics 2017 2018 % Change Thru 8-2017 Thru 8-2018 % Change
New Listings 34 58 + 70.6% 411 357 - 13.1%
Pending Sales 32 41 + 28.1% 337 320 - 5.0%
Closed Sales 49 44 - 10.2% 287 301 + 4.9%
Days on Market Until Sale 51 20 - 60.8% 72 55 - 23.6%
Median Sales Price* $285,000 $304,700 + 6.9% $272,000 $300,000 + 10.3%
Average Sales Price* $315,387 $313,530 - 0.6% $313,874 $341,628 + 8.8%
Percent of List Price Received* 99.8% 99.3% - 0.5% 99.8% 99.4% - 0.4%
Inventory of Homes for Sale 97 102 + 5.2% –– –– ––
Months Supply of Inventory 2.7 2.9 + 7.4% –– –– ––
* 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
$450,000
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 September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

11. Local Market Update – September 2018
This is a research tool provided by the Big Sky Country MLS
Belgrade
3B, 3N, 3S
Single Family September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 22 33 + 50.0% 341 332 - 2.6%
Pending Sales 27 24 - 11.1% 290 257 - 11.4%
Closed Sales 34 22 - 35.3% 272 252 - 7.4%
Days on Market Until Sale 27 32 + 18.5% 39 36 - 7.7%
Median Sales Price* $296,250 $326,250 + 10.1% $286,700 $318,950 + 11.2%
Average Sales Price* $325,117 $377,638 + 16.2% $324,278 $347,470 + 7.2%
Percent of List Price Received* 98.6% 99.3% + 0.7% 99.0% 99.0% 0.0%
Inventory of Homes for Sale 69 88 + 27.5% –– –– ––
Months Supply of Inventory 2.4 3.2 + 33.3% –– –– ––
Condo/Townhouse September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 12 9 - 25.0% 80 111 + 38.8%
Pending Sales 8 3 - 62.5% 75 86 + 14.7%
Closed Sales 3 11 + 266.7% 61 77 + 26.2%
Days on Market Until Sale 13 51 + 292.3% 32 26 - 18.8%
Median Sales Price* $183,000 $221,000 + 20.8% $183,500 $220,000 + 19.9%
Average Sales Price* $196,667 $224,445 + 14.1% $184,571 $223,308 + 21.0%
Percent of List Price Received* 101.5% 100.3% - 1.2% 99.5% 99.8% + 0.3%
Inventory of Homes for Sale 8 25 + 212.5% –– –– ––
Months Supply of Inventory 1.1 3.2 + 190.9% –– –– ––
* 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
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
$450,000
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 October 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

12. Local Market Update – September 2018
This is a research tool provided by the Big Sky Country MLS
Greater Big Sky
5CN, 5CS, 5BMT, 5BMV
Single Family September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 9 11 + 22.2% 95 97 + 2.1%
Pending Sales 8 8 0.0% 66 86 + 30.3%
Closed Sales 8 5 - 37.5% 55 65 + 18.2%
Days on Market Until Sale 190 263 + 38.4% 229 146 - 36.2%
Median Sales Price* $1,162,500 $910,000 - 21.7% $1,237,500 $1,450,000 + 17.2%
Average Sales Price* $1,442,563 $1,515,800 + 5.1% $1,407,866 $1,673,657 + 18.9%
Percent of List Price Received* 97.9% 91.6% - 6.4% 95.0% 96.3% + 1.4%
Inventory of Homes for Sale 77 57 - 26.0% –– –– ––
Months Supply of Inventory 10.9 7.0 - 35.8% –– –– ––
Condo/Townhouse September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 14 12 - 14.3% 154 121 - 21.4%
Pending Sales 16 11 - 31.3% 145 145 0.0%
Closed Sales 13 12 - 7.7% 126 141 + 11.9%
Days on Market Until Sale 95 119 + 25.3% 138 112 - 18.8%
Median Sales Price* $320,000 $483,000 + 50.9% $362,500 $409,000 + 12.8%
Average Sales Price* $374,500 $700,250 + 87.0% $450,621 $530,450 + 17.7%
Percent of List Price Received* 96.7% 98.1% + 1.4% 96.4% 96.6% + 0.2%
Inventory of Homes for Sale 98 67 - 31.6% –– –– ––
Months Supply of Inventory 6.9 4.7 - 31.9% –– –– ––
* 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 October 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

13. Local Market Update – September 2018
This is a research tool provided by the Big Sky Country MLS
Livingston City Limits
6C
Single Family September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 15 10 - 33.3% 138 133 - 3.6%
Pending Sales 12 10 - 16.7% 135 108 - 20.0%
Closed Sales 11 14 + 27.3% 119 108 - 9.2%
Days on Market Until Sale 62 46 - 25.8% 56 52 - 7.1%
Median Sales Price* $230,000 $270,000 + 17.4% $225,000 $270,000 + 20.0%
Average Sales Price* $237,082 $274,877 + 15.9% $228,377 $277,832 + 21.7%
Percent of List Price Received* 97.1% 97.2% + 0.1% 97.3% 97.7% + 0.4%
Inventory of Homes for Sale 26 37 + 42.3% –– –– ––
Months Supply of Inventory 2.0 3.4 + 70.0% –– –– ––
Condo/Townhouse September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 6 4 - 33.3% 27 33 + 22.2%
Pending Sales 4 4 0.0% 19 28 + 47.4%
Closed Sales 2 4 + 100.0% 12 26 + 116.7%
Days on Market Until Sale 2 1 - 50.0% 24 44 + 83.3%
Median Sales Price* $394,750 $239,500 - 39.3% $146,500 $219,500 + 49.8%
Average Sales Price* $394,750 $239,150 - 39.4% $192,774 $211,419 + 9.7%
Percent of List Price Received* 99.1% 100.3% + 1.2% 96.2% 98.2% + 2.1%
Inventory of Homes for Sale 9 10 + 11.1% –– –– ––
Months Supply of Inventory 3.7 2.4 - 35.1% –– –– ––
* 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
$0
$100,000
$200,000
$300,000
$400,000
$500,000
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 October 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

14. Local Market Update – September 2018
This is a research tool provided by the Big Sky Country MLS
Greater Three Forks
4TC, 4TL, 4TN, 4TR, 4TSW
Single Family September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 2 6 + 200.0% 53 73 + 37.7%
Pending Sales 4 4 0.0% 33 46 + 39.4%
Closed Sales 3 5 + 66.7% 27 44 + 63.0%
Days on Market Until Sale 49 79 + 61.2% 67 46 - 31.3%
Median Sales Price* $242,490 $234,000 - 3.5% $242,490 $242,000 - 0.2%
Average Sales Price* $253,830 $239,600 - 5.6% $249,432 $245,270 - 1.7%
Percent of List Price Received* 97.2% 95.3% - 2.0% 96.9% 98.3% + 1.4%
Inventory of Homes for Sale 18 29 + 61.1% –– –– ––
Months Supply of Inventory 5.1 6.6 + 29.4% –– –– ––
Condo/Townhouse September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 0 1 –– 0 2 ––
Pending Sales 0 1 –– 1 4 + 300.0%
Closed Sales 0 0 –– 2 5 + 150.0%
Days on Market Until Sale –– –– –– 154 302 + 96.1%
Median Sales Price* –– –– –– $238,368 $215,000 - 9.8%
Average Sales Price* –– –– –– $238,368 $215,000 - 9.8%
Percent of List Price Received* –– –– –– 101.4% 100.0% - 1.4%
Inventory of Homes for Sale 5 0 - 100.0% –– –– ––
Months Supply of Inventory 5.0 –– –– –– –– ––
* 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
Greater Three Forks
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
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Three Forks
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 October 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.

15. Local Market Update – September 2018
This is a research tool provided by the Big Sky Country MLS
Greater Manhattan
4MA, 4MC, 4MN, 4MS
Single Family September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 12 9 - 25.0% 70 76 + 8.6%
Pending Sales 7 8 + 14.3% 51 53 + 3.9%
Closed Sales 6 6 0.0% 47 46 - 2.1%
Days on Market Until Sale 20 61 + 205.0% 73 77 + 5.5%
Median Sales Price* $319,500 $377,000 + 18.0% $307,000 $383,500 + 24.9%
Average Sales Price* $320,483 $445,333 + 39.0% $372,164 $426,720 + 14.7%
Percent of List Price Received* 98.3% 99.1% + 0.8% 98.1% 98.0% - 0.1%
Inventory of Homes for Sale 27 33 + 22.2% –– –– ––
Months Supply of Inventory 5.2 6.4 + 23.1% –– –– ––
Condo/Townhouse September Year to Date
Key Metrics 2017 2018 % Change Thru 9-2017 Thru 9-2018 % Change
New Listings 0 0 –– 9 7 - 22.2%
Pending Sales 1 0 - 100.0% 8 7 - 12.5%
Closed Sales 3 1 - 66.7% 8 7 - 12.5%
Days on Market Until Sale 8 4 - 50.0% 9 8 - 11.1%
Median Sales Price* $115,000 $185,500 + 61.3% $134,000 $205,000 + 53.0%
Average Sales Price* $119,667 $185,500 + 55.0% $144,438 $200,643 + 38.9%
Percent of List Price Received* 99.2% 100.0% + 0.8% 99.0% 99.0% 0.0%
Inventory of Homes for Sale 1 0 - 100.0% –– –– ––
Months Supply of Inventory 0.8 –– –– –– –– ––
* 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 Manhattan
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
$450,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Manhattan
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Current as of October 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.