Great Falls real estate experts urge buyers and sellers to act now

9 articles · Updated · KRTV NEWS Great Falls · May 4

Great Falls homes average about $340,000, up 15% from 2024 and 88% from pre-pandemic levels, while roughly 280 homes have sold this year and about 140 are listed.
Jim Dea of the Great Falls Association of Realtors said spring listings are rising and homes still sell in 60 to 90 days, even as inventory remains far below pre-Covid norms.
A local housing study said Great Falls needed about 650 new homes annually by 2024, up from 450 in 2020, and experts expect prices to keep rising at a slower 3% to 4% pace.

Will new homes make Great Falls more affordable, or will rising rates keep ownership out of reach for residents?

Is the housing market truly stabilizing, or could a national inventory shift trigger an unexpected price correction?