The median price of a home in urban Missoula has dropped* a hair for two years in a row, according to data from the Missoula Organization of Realtors.
In 2007, the median price was $210,000, according to the MOR. In 2008, it sank to $207,000. This year through the end of October, it was sitting at $205,000.
That’s a little bit of an improvement if you’re trying to buy a home.
The Missoula Housing Authority has been helping people get into homes, including ones of their own through their Family Self Sufficiency program.
Here are some program stats from admissions and occupancy manager Jim McGrath.
“Since 2003, there have been 43 graduates whom have moved off all public assistance (including housing);
Since 2003, 78 participants have successfully completed the program;
(and) in this last year, the average graduate has left the program with $6,371.00 saved in their escrow account.
Since 2000, 36 participants have moved into home ownership.”
One of those homeowners spent her first Thanksgiving in her new home this year. If you missed that story about her and her family, it’s here.*
— Keila Szpaller