The pandemic first disrupted the U.S. housing market in March 2020. Then it came booming back with a vengeance that same year and throughout 2021 and 2022. As a result, residents of Montana and our nation as a whole reconsidered their housing options while finding balance within unique and dissimilar global conditions.

Definition of Balance as a Noun

1. An even distribution of weight enabling someone or something to remain upright and steady.
2. A condition in which different elements are equal or in the correct proportions.

This dictionary explanation best explains the return of some level of sanity to the real estate market we can think of. But, honestly, many of us will never be the same again after the last two years of demand for something not in proportion. Or “out of balance.”

Balance as a Verb or to Balance

1. Keep or put something in a steady position, so it does not fall.
   
2. Offset or compare the value of one thing or another.

This definition of balance is an excellent analogy of what we have experienced in our shifting (back to normal) market. When we were out of balance, buyers were not given the opportunity to compare one thing to another; it was a frenzy of outbidding and grabbing. Everyone was grumpy, even the sellers that had to look at multiple outrageous offers and wonder what would happen to them when they became buyers.

What it Means to Have a Balanced Real Estate Market

A balanced real estate market means buyer demand matches up better with the number of homes for sale. That is a real, sustainable market with an opportunity and potential win-win for everyone.

Our Gallatin Valley market remains strong and vibrant, and Bozeman remains a desirable place to call home, surrounded by renowned regional beauty, unlimited recreational opportunities, and a rich history. We love it here, and we want you to as well. We hope to continue to gain your trust and serve your needs.