Metropolitan Statistical Area (MSA):
Great Falls, MT is a Metropolitan Statistical Area (MSA) comprising counties including Cascade County.
There are many factors influencing real estate trends in the housing market, and it can be difficult to predict what will happen in any given year. However, there are some general trends that have been observed in the Great Falls, MT metropolitan statistical area (MSA) over the past few years.
One trend that has been observed is an increase in the number of people moving to the area. This is likely due to a combination of factors, including the growing popularity of Montana as a whole and the relatively low cost of living in Great Falls compared to other parts of the country. This increased demand for housing has led to an increase in prices, although they still remain relatively affordable compared to other markets.
Another trend that has been observed is an increase in new construction. This is likely due to both the increased demand for housing and the fact that land prices have remained relatively affordable. This has resulted in a number of new subdivisions and developments popping up around Great Falls, which has helped meet the needs of those looking for new homes.
Overall, these trends have resulted in a strong housing market in Great Falls. Prices have risen steadily over the past few years, but they remain relatively affordable compared to other markets. Additionally, there is a good amount of new construction taking place to meet the needs of those looking for homes in the area.