Lincoln County real estate news
Hows has our market so far in 2024?
by Guest Post by Alice Hayes, Team Hayes Realtors
November 22, 2024
January 1, 2024 through November 9, 2024
Residential Sales (144):
Libby 102
Troy 40
Yaak - 2
Land Sales (46):
Libby 22
Troy 21
Yaak - 3
Commercial/Multi-Family Sales (7):
Libby 5
Troy 2
____________________
Residential Pending (18):
Libby 11
Troy - 7
Land Pending (18):
Libby 13
Troy - 5
Commercial/Multi-Family Pending (4):
Libby 3
Troy - 1
____________________
Residential Actives (117):
Libby 79
Troy 38
Yaak - 2
Land Actives (105):
Libby 67
Troy 25
Yaak - 13
Commercial/Multi-Family Actives (19):
Libby 15
Troy 4
____________________
Interest rates are troubling!
As of November 9, 2024 Conforming & FHA Loans:
20-Year Fixed: 6.92%
15-Year Fixed: 6.26%
2024 has been an interesting year
and the market seems to have slowed considerably. The fact the Federal Reserve has made two cuts to their rates has had little to no impact on the interest rates charged to buy homes. In fact, that rate has continued to rise. We have a new President now. Will that have an impact on home interest rates? Time will tell.
Contact:
Team Hayes Realtors, LLC
Alice and Jim Hayes
417 Mineral Ave, Suite 1 (in the Mineral Plaza)
Libby, Montana
406-293-2725
Alice: 406-293-8364
alice@alicehayes.com
jim@alicehayes.com
Jim: 406-293-1926
www.teamhayesrealtors.com
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