Three Forks Real Estate 4th Quarter Market update
The following graphs should help you understand where the market in Three Forks is for the 4th quarter of 2011.
Market for Single Family Homes in Three Forks, MT
The previous graph indicates that the fourth quarter we sold more homes than we have in the first three quarters of the year, however, the homes selling that are selling are the lower price point. Three Forks is still a slower market presently, we are hoping to get through the foreclosure inventory and back to a stable market this next year.
Real Estate Inventory for Three Forks, MT
This graph is an indication of our inventory, how well it is moving, and how long it might take to get your home sold. We refer to this as the Absorption Rate. For Three Forks, this graph is a dismal indication that you will have to plan on an extended market time to sell your home as there are more homes for sale that there are buyers available.
Average Asking Price to Actual Sold Price
The last chart I would like to share with you is the average asking price to sold price. As you can see, if you own a Single Family home under an acre you can expect some negotiations on your asking price, but we have done a better job of pricing those homes over an acre and there is less negotiating.
If you have further questions about Three Forks homes for sale, or would like to search the homes for sale in Three Forks Montana, please don't hesitate to call or email! We are your expert local real estate broker.