The Flathead Valley land market can be simply summed up by the phrase “sales up, prices down.” Transactions were up a whopping 52% for the year and volume increased by 29%. Median prices took a significant downturn and dropped 22% from $90k to $70k.
The market still holds a deep inventory of lots and land. We will still have to grind through this inventory before we see any significant price recovery in this segment of Flathead Valley real estate.
