These absorption charts tell a real-time story of inventory in the Bozeman area real estate market.
As you will see, we have less than a month’s supply in several market segments, particularly the more affordable segments. Bozeman’s city limits have less than one month’s supply, at current sales rates, of single-family homes in the $300k-$400k price range, and the donut area around Bozeman shows that same lack of inventory up to $500,000. Condos and townhomes in the city are a little better but are showing about 2 months of inventory in may price segments. These charts are not just the story of supply, as the other component of absorption in demand. Of course, Bozeman is in demand….
Absorption Rates for Single Family Homes in Bozeman City Limits
Absorption Rates for Single Family Homes in Greater Bozeman Area
Absorption Rates for Condos and Townhomes in Bozeman City Limits
I would love to hear your thoughts in the comment section below! Thank you for taking the time to read.
If you are thinking about selling your home let me know! As I said, Bozeman is in demand!