HERE ARE THE MARKET PERFORMANCE NUMBERS THROUGH THE END OF SEPTEMBER. WE ARE NOW ON A "CASH FOR CLUNKER" RACE TO THE FINISH LINE WITH THE EXPIRATION OF THE FIRST TIME BUYER CREDIT SET TO EXPIRE ON NOVEMBER 30TH 2009. IT WILL BE REAL INTERESTING TO SEE HOW THE MARKET PERFORMS ONCE IT IS GONE.
| Market update at glance | 9/30/2009 | Year | Percentage Increase | ||||
| Yellowstone County | 2008 | 2009 | or -Decrease | ||||
| Residential Closed Sales Units | 1550 | 1390 | -10% | ||||
| Residential Pending Sales Units | 203 | 330 | 63% | ||||
| Residential Active Property Units For Sale | 910 | 888 | -2% | ||||
| Average sales price Single family Home | $209,514 | $201,200 | -4% | ||||
| Average Square feet Single family Home | 2322 | 2275 | -2% | ||||
| Median sales price Single family Home | $185,985 | $180,000 | -3% | ||||
| Median Square feet Single family Home | 2207 | 2148 | -3% | ||||
| 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 | 180 | ||||||
| properties to sell with no new inventory coming | |||||||
| into the market place - residential | |||||||
| SINGLE FAMILY PERMIT ISSUED MONTH | 21 | 23 | 10% | ||||
| SINGLE FAMILY PERMIT ISSUED YEAR | 227 | 178 | -22% | ||||
| Average Number of Rentals Advertised Sundays | 108 | 133 | 23% | ||||
| Average Asking Price for a Rental Home | $1,114 | $1,044 | -6% | ||||
| Average Asking Price for a Rental Apartment | $678 | $679 | 0% |
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