as the saying goes it is always darkest before dawn. new single family home sales have to be approaching bottom. the real issue is still unemployment, yet when you reach these level of non construction it starts to put in place the making of less inventory available which then can lead to the beginning of market recovery. we are probably a couple years away but at least the bottom is within sight if not here.
| housing sales | |||
| one unit structure | |||
| new single family sales | 283 | ||
| peak year | 1389 | ||
| sales drop from peak | 80% | ||
| five year average | 641 | ||
| sales drop from five year average | 56% | ||
| 47 year average | 680 | ||
| sales drop from 47 year average | 58% |
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
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