Top Mega Teams in Montana – Ranked by Volume
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2023 Montana Housing Market Summary
Montana started 2023 with a total of 2,124 single-family homes on the market, with a median home price of $670,000 and an average price per square foot of $429. By the end of the year, inventory had increased to 2,428 homes on the market (+14%), with a median home price of $685,000 (+2%) and an average price per square foot of $443 (+3%).
At the start of 2023, the median days on market (DOM) was 98 days – by the end of the year, median DOM had increased to 105 days.
Montana started the year with 28% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 29% of Montana homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Montana started 2023 as a seller’s market, with an MAI score of 40; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.
This market summary is powered by Altos Research – click here to run a free report for your area.
Real Estate News
Keller Williams rescinds changes to its profit-sharing program
May 17, 2024Last year, Keller Williams announced changes to its profit-sharing program, which have since become the subject of several lawsuits.
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Former rivals become partners as Mynd merges with Roofstock
May 17, 2024 -
Donald R. Horton, founder of the largest U.S. homebuilder, dies
May 17, 2024 -
Redfin’s agent payment plan expands to 25 new markets
May 17, 2024 -
Planning for retirement: Essential strategies for real estate agents
May 17, 2024 -
HUD, White House announce $40M to expand housing counseling
May 16, 2024
Housing Market News
New listings data falls for third week in a row
May 18, 2024We need to see more growth in new listings data just to grow from 2023 levels, which were the lowest levels ever in history.
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East Coast, Midwest cities dominate 2024 best places for veterans to live
May 17, 2024 -
Sun Belt cities lead the way for new home sales
May 16, 2024 -
Higher rates are impacting future housing production
May 16, 2024 -
Builders are pulling back on single-family home construction
May 16, 2024 -
Opinion: Fair Housing Month is over. “I’m tired of talking about race and I don’t know anyone with a disability.”
May 16, 2024
Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
Agent News
NAR board votes to leave dues unchanged in 2025
May 10, 2024NAR’s board of directors voted to leave membership dues unchanged and amend its code of ethics at its annual legislative meeting.
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Special report: The brokerages gaining or losing market share in Dallas
Apr 24, 2024 -
Tom Ferry launches AI coaching chatbot TomAI
Apr 23, 2024 -
California Association of Realtors CEO resigns
Apr 21, 2024 -
Brian Icenhower on impact of commission lawsuits and low volume
Apr 19, 2024 -
Real estate agents, are you a text offender?
Apr 16, 2024 -
The ‘double-edged sword’ of dual licensing
Apr 16, 2024 -
Q2 AgentPulse survey: Low inventory is greatest challenge
Apr 15, 2024