below is the market performance so this year in the Billngs/ Yellowstone County area. the $8,000 first time buyer has brought activity ti the market place that will slow when it is gone. essentially if you have not entered in to contract by the end of October it will be hard to meet the dead line of November 30th to be closed. over all the year has performed decently when the events are taken in consideration
|
9/15/2009 |
|
Year |
Percentage Increase or -Decrease |
|||||
|
Yellowstone County |
|
|
2008 |
2009 |
|
|
||
|
|
|
|
|
|
|
|
|
|
|
Residential Closed Sales Units |
|
|
1463 |
1288 |
|
-12% |
||
|
|
|
|
|
|
|
|
|
|
|
Residential Pending Sales Units |
|
|
219 |
325 |
|
48% |
||
|
|
|
|
|
|
|
|
|
|
|
Residential Active Property Units For Sale |
|
904 |
864 |
|
-4% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average sales price Single family Home |
|
$208,540 |
$201,119 |
|
-4% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average Square feet Single family Home |
|
2316 |
2278 |
|
-2% |
|||
|
|
|
|
|
|
|
|
|
|
|
Median sales price Single family Home |
|
$185,000 |
$180,500 |
|
-2% |
|||
|
|
|
|
|
|
|
|
|
|
|
Median Square feet Single family Home |
|
2206 |
2158 |
|
-2% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average Days on Market Till Offer Received |
|
|
|
|
|
|||
|
Single Family Home |
|
|
|
60 |
67 |
|
12% |
|
|
|
|
|
|
|
|
|
|
|
|
Absorption rate - |
TIME IN DAYS |
|
|
|
|
|
||
|
Time it would take for all existing |
|
|
|
176 |
|
|
||
|
properties to sell with no new inventory coming |
|
|
|
|
|
|||
|
into the market place - residential |
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
SINGLE FAMILY PERMIT ISSUED FOR MONTH |
thru 8/31 |
28 |
29 |
|
4% |
|||
|
|
|
|
|
|
|
|
|
|
|
SINGLE FAMILY PERMIT ISSUED FOR YEAR |
thru 8/31 |
206 |
155 |
|
-25% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average Number of Rentals Advertised Sundays |
|
108 |
131 |
|
21% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average Asking Price for a Rental Home |
|
$1,114 |
$1,053 |
|
-5% |
|||
|
|
|
|
|
|
|
|
|
|
|
Average Asking Price for a Rental Apartment |
|
$678 |
$682 |
|
1% |
A top selling real estate agent in the Billings, Montana area specializing in residential and multi-family properties. Licensed for 27 years, maintains a large statistical file of real estate data
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
