Montana Real Estate Market Trends & Analysis


The Montana real estate market was far from immune to the impact of COVID-19. Not unlike everywhere else, real estate in Montana experienced a bottleneck once "shelter-in-place" orders were issued on a national level. Seemingly overnight, activity dried up and threatened to put an end to nearly a decade's worth of positive growth. Uncertainty forced many listings to be withdrawn from the market and prospective buyers were more inclined to hold on to their cash reserves.

There's no doubt about it: The Montana real estate market suffered a setback in the first part of 2020. Fortunately, the regression was only temporary and may have actually created a window of opportunity for those looking to participate in the market. If for nothing else, the Montana housing market appears to have been slightly more insulated from the impact of the Coronavirus, and its resilience could prove beneficial to local buyers, sellers, and investors.  

Montana Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Escrow
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 4 - 6 months
Notice of Sale: Trustee
Redemption Period: 12 Months

Taxes

Income Tax: 1% - 6.9%
Corporate Tax: 6.75%
Sales Tax: None
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 0.83%
Property Taxes by County: http://www.tax-rates.org/montana/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,491.00
Transfer Fee: No Fees
Origination Fee: $1,796.00