THE 2023 MONTANA REAL ESTATE MARKET FORECAST

Tell Your Montana Story with the state's #1 Brokerage! We are pleased to announce that PureWest is again the leading real estate brokerage in Montana. Our team closed 1,598 transactions in 2022, resulting in over $1.7 Billion in total sales volume! It was our second-best year ever, on par with 2020. When you consider who you want by your side for the most important financial decisions of your life, aligning with the best real estate brand in Montana matters. When compared to our competition, there is truly no comparison.

As we look ahead, it’s clear that we’re returning to a more normal market cycle in 2023. Which, of course, feels slow compared to the unprecedented surge we saw over the last two years due to the pandemic, record low interest rates, and high stock market values. 

“While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market,” economists predicted at the recent National Association of REALTORS® annual Real Estate Forecast Summit.

As incredible as these recent times were, they did not come without challenges, an extremely fast pace, dealing with high demand and often multiple offers, disappointed buyers, and more. We are excited and looking forward to a much more balanced market for buyers and sellers. Housing market predictions for 2023 include interest rate stabilization, more moderate home sales and prices, easing inflation rates, and increasing inventory—all signs of a solid, healthy market!

When it comes to luxury homes, commercial real estate, and residential real estate in Montana, PureWest real estate agents are here to support you. Our goal is to be your trusted advisor, provide unmatched value and service, and help guide your real estate decisions confidently, with your satisfaction being our top priority. 

If you’re interested in a complete comparable market analysis of your property, we would be pleased to provide one. You may be surprised at how the value has changed. If the intensity of the last few years has prevented you from entering the market as a buyer, we’d love to chat. This could be your year!