This is a brief video summary of the weekly Montana Land Report from Montana Land Source for the week of 4/21/2021. The Montana Land Report summarizes the week's activity in the Montana land market, as well as Montana land news and events, and goes out to over 5,000 recipients. The Montana Land Report is free and available at https://mtlandsource.com. Please like, share and subscribe.
"Hi there, Andy Rahn with Montana Land Source with this week's video summary of the Montana Land Report for April 21st 2021.
We saw a higher than usual amount of new listings in the market this week, so perhaps some balance restoring to the market. All through 2021 we have typically seen more pending sales and more sales than new listings coming on the market.
This week we got 11 new listings, only two pending sales, although nine sales which is a good healthy number. But nonetheless, we're starting to see more properties into the market. We're starting to see some properties back on the market, and we're also starting to see some price changes. People lowering the prices on their listings, presumably that aren't getting enough activity in this hot market.
So a total of 30 property updates over the past seven days:
• 3 properties back on the market
• 11 new listings
• 2 pending sales
• 3 price changes, those were all price reductions
• 2 revised listings, and
• 9 sales
So a pretty healthy market. Again, just a phenomenal amount of sale activity and a lack of supply in the market. Most brokers continue to give feedback that they have more buyers than inventory at this point.
In news, in the upcoming Montana Farm and Ranch Brokers meeting which is in about two weeks in early May, we are going to have Dennis Iverson, the lobbyist for the Billings Association of Realtors, talk to the group. He's been up on the hill for the legislature, so he'll update us on the legislature and issues relative to rural Montana real estate. That will be a nice resource and nice information for the industry.
The newest edition of the Ranch Investors podcast we had Jerome Chvilicek, long time farm and ranch manager for Hall & Hall, come and speak to us about land management. Some interesting historical perspective, especially as long as he's been in the business and the changes he's seen and new ownership priorities. So a great podcast. Check us out at https://mtlandsource.com.
If you have any news or events that you would like to share that you would like featured on Montana Land Source, reach out to us.
In other news, for the first time announcing that we've got a new website design to roll out. We're gonna take the next couple weeks getting that rolled out. We're very excited about it. Some new features, including some new market stats, some new live market stats. We already have some of that on our existing home page design, but we're going to have even more. We're very excited particularly about the live market statistics. Nobody else does that, so keep posted for that, we're very excited for that new content.
Thank you everybody, find us on YouTube and LinkedIn and Facebook, and please like and share this content and check us out at https://mtlandsource.com. The Montana Land Report is free for a free subscription, and goes out every Wednesday with market updates.
Thank you and have a good week."