Shifting Market- What effect will it have in Missoula?

[Keith Miller]

Wow! This graph of the average sales price of new homes nationwide over the last 47 years shows how much the real estate market is shifting right now. I don't see this level of price dropping yet in the Missoula market, but I think it's only a matter of time. The massive increase in supply, combined with the dramatic rise in interest rates, are having a significant effect on the market. What do you see as happening next?