MISSOULA — The Missoula Organization of Realtors (MOR) is set to release its annual housing report Thursday, an analysis that's expected to reflect the robust Missoula housing market prior to the COVID-19 pandemic.
But because of the timing of the 2020 report, the numbers aren't expected to reflect some of the emerging trends of the past few weeks. In the midst of a sharp economic downturn, a lot of homeowners, and home buyers, are wondering what impacts the virus is going to have on the housing market for 2020 and beyond.
MOR's annual report traditionally gives the best snapshot of what that market looks like headed into the busy late spring and summer buying season. But this year, the turmoil of the COVID-19 outbreak has moved in just as the report was being finalized.
So when the report is released, we're expecting the numbers to show on-going trends like rising prices, tight supply, and the growing demand for multi-family and rental units to meet Missoula's growing population.
However, the Realtors are likely to address the current market trends when the report is presented, not in a meeting as in the past, but in a Facebook Live event starting at 10 a.m. on Thursday.