here is the a market update through october 15th 2010. closed sales are slowing realative to last year which again is the driect resault of the tax credit. a more tradition mix of slaes prices is leading to the increase in the avarge an median sales price. not some underlying strength in pricing which still reamins weak
| Market update at glance | Year | Percentage Increase | |||||
| Yellowstone County | 10/15/2010 | 2009 | 2010 | or -Decrease | |||
| Residential Closed Sales Units | 1521 | 1361 | -11% | ||||
| Residential Pending Sales Units | 306 | 236 | -23% | ||||
| Residential Active Property For Sale | 898 | 993 | 11% | ||||
| Average sales price Single family Home | $201,736 | $212,714 | 5% | ||||
| Average Square feet Single family Home | 2279 | 2352 | 3% | ||||
| Median sales price Single family Home | $181,050 | $188,000 | 4% | ||||
| Median Square feet Single family Home | 2164 | 2208 | 2% | ||||
| Average Days on Market Till Offer Received | |||||||
| Single Family Home | 66 | 63 | -5% | ||||
| Absorption rate - | TIME IN DAYS | ||||||
| Time it would take for all existing | 231 | ||||||
| properties to sell with no new inventory | |||||||
| coming into the market place - residential | |||||||
| SINGLE FAMILY PERMITS MONTH sept | 23 | 15 | -35% | ||||
| SINGLE FAMILY PERMITS YEAR | 178 | 190 | 7% | ||||
| Average # Rentals Advertised Sundays | 400 | 340 | -15% | ||||
| Average Asking Price Rental Home | $1,024 | $1,041 | 2% | ||||
| Average Asking Price Rental Apartment | $670 | $643 | -4% |
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
© 2012 ActiveRain Corp. All Rights Reserved
