December 7th, 2021

This year in 2021, the real estate market in Bozeman hit an all time high. Low inventory and many people moving here from out of state created high prices. Everyone’s wondering what will happen in 2022 and if it’s still a good time to sell your home in Bozeman. Here are a few reasons why it is still a good time to sell your home!

Low inventory

Inventory still remains low in Bozeman. Low inventory means less competition and the potential for multiple offers and offers over asking. 

Home prices are still at an all time high

The average sales price for a home in Bozeman in November was $764,524. In November 2020 it was $577,144 and it has increased every month this year. We have seen a seasonal slow down this fall but there are still buyers moving here. While the feeding frenzy has slowed slightly, there is still high demand and homes are still going fast.

People are still moving to Bozeman

The secret is out – everyone loves Bozeman! Bozeman continues to make Best Places to Live lists and people are still moving here from out of state. More people than ever before are able to work remotely which allows them to live anywhere. Bozeman’s outdoorsy lifestyle, close proximity to the airport and highways makes Bozeman a very desirable place to live. So not only do you have locals looking to purchase homes but you also have many out of state buyers. With all these potential new people, if you list your home, there are many who will see it! With our virtual tours, out of state buyers can “walk through” it from their phone or computer! This enable buyers to essentially have a showing from out of state!

Low mortgage rates

There is a lot of talk as to what interest rates will do in 2022. As of right now, they’re holding steady. As of early November, interest rates were at 3.10% (for a 30 year, fixed-rate). Low interest rates also incentivize buyers to buy now before the potential for them to go up.

Real estate market expected to stay strong in 2022 

Due to all the out-of-state buyers moving to Bozeman, it’s unlikely the real estate market here will crash. The market may slow a bit but homes likely still won’t sit on the market long. According to The Mortgage Reports, “Most [experts] agree the market will remain hot, as it will take a long time to regain inventory. But they also agree competition and prices should moderate somewhat compared to the past year.

What our clients are saying:

Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!

K.G.

Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.

M.L.

My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!

G.B.

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.

J.D.

Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!

J.T.