Quarterly Market Statistics

Bozeman Market Watch

Bozeman Real Estate Market Statistics

Bozeman Luxury Real Estate

THIRD QUARTER 2023

The first half of 2023 has been eventful for the real estate market and economy in general. Bozeman, Montana, like many other regions, experienced a complex and nuanced market picture due to various factors, including federal interest rates and mixed economic indicators. As we review the trends, experts believe that the economy is headed for an elusive ‘soft landing’ in the second half of 2023, alleviating concerns about a painful recession. However, long-term projections still indicate that we may not have reached the bottom, and a mild recession could still be on the horizon.

Despite the uncertainties in the broader economy, I am pleased to report that the real estate market in our beautiful Big Sky country remains robust. Bozeman’s unique appeal, from its picturesque landscapes to its vibrant community, continues to attract buyers seeking the perfect property and the Big Sky country lifestyle, even amidst historically low inventory.

Now is an opportune time to evaluate your home’s market position and prepare for the future, particularly if you are considering selling. Staying informed, tracking the market, and understanding current trends are essential steps in your homeowner’s journey. With this in mind, I present you the Bozeman Market Watch, which aims to shed light on pricing trends in the area and help you refine your property search.

As a real estate company, our team remains dedicated to advocating for our clients’ interests, successfully closing numerous deals despite the challenges posed by low inventory. We owe this success to the trust our clients have placed in us. We are grateful to be backed by the most powerful brand in the real estate industry, Sotheby’s International Realty®, as well as our exceptional marketing and operations teams, all of whom work together to achieve the best results for you.

For all of your real estate needs throughout Montana’s resort communities, call 406.586.6688 or visit one of our offices.

Interactive Market Reports

Click through our interactive market reports to analyze market performance and learn more about what’s happening right now in our Southwest Montana markets.