According to the Great Falls Association of Realtors, Great Falls experienced the highest number of house closings since 2011 last month with a 41 percent increase from last July.
The median housing price also peaked at over $194,000 dollars, the highest average price since 2016.
Great Falls Association of Realtors President, Josh Lind, commented on the positive trends.
“This July has been an absolute record, in particular for Great Falls.”
Lind also explained how a high median housing price benefits the community.
“You always want to see a community’s median home price going up. It means more tax revenue going to the local community.”
A high median home price also means that home will be of greater value.
“A house is normally someone’s biggest investment in their life-you want to have that appreciation,” Lind said.
More housing market statistics can be found on the Great Falls Association of Realtors website .
