This report covers the residential land market in Kalispell Montana as of the end of June 2022. Similar to last month, land sales and properties under contract decreased and available inventory increased. The residential land market in Kalispell may be moving towards a more balanced market where neither buyers nor sellers have the upper hand.  INVENTORYAs of early July, there were 94 residential land parcels for sale in Kalispell which is 27% more than June's inventory of 74. It is a significant increase and is the third month in a row of more inventory. Five or more acresOf the land currently for sale ~60% of the listings include five or more acres. I define rural as those properties in the 5+ acre category. Those are most likely to be parcels located on a gravel mountain road, agricul... 07/05/2022

Following is an overview of the Kalispell Montana real estate results for the residential market as of June 2022. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.   The Kalispell residential market remains a sellers market, but the market is shifting. Sales VolumeIn the month of June 2022, there were 80 residential sales in Kalispell which is 39% less than last year and 17% less than last month. With one exception, every month this year has had lower sales than last year. There may be multiple reasons including interest rates changes, but it does appear that buyer demand may be softening.    InventoryIn terms of available homes on the market, inventory has seen significant upward movement. As of the beginni... 07/05/2022