Market update at a glance septemebr 2011

By
Real Estate Broker Owner with Howard Sumner Real Estate RRE-BRO-LIC-2190
Market update at glance   Year  Percentage Increase 
Yellowstone County   09/30/2011   2010 2011 or -Decrease
               
Residential  Closed Sales Units   1329 1268   -5%
               
Residential  Pending Sales Units   226 242   7%
               
Residential  Active Property For Sale 1006 907   -10%
               
Average sales price Single family Home $212,368 $207,214   -2%
               
Average Square feet Single family Home 2350 2364   1%
               
Median sales price Single family Home  $188,950 $182,900   -3%
               
Median Square feet Single family Home  2214 2208   0%
               
Average Days on Market Till Offer Received        
Single Family Home      62 72   16%
               
Absorption rate -  TIME IN DAYS        
Time it would take for all existing     209    
properties to sell with no new inventory         
coming into the market place - residential         
               
SINGLE FAMILY PERMITS MONTH  15 19   27%
               
SINGLE FAMILY PERMITS YEAR  188 151   -20%
               
Average # Rentals Advertised Sundays 345 321   -7%
               
Average Asking Price  Rental Home $1,041 $1,058   2%
               
Average Asking Price Rental Apartment $645 $650   1%

the two graphs below show the trends in sales and pricing over the last five years. some of the pricing diferntial is from size of homes purchased.

 

 

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Topic:
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Montana Yellowstone County Billings
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Additional Information

The Most Current Information on the Real Estate Market in Billings Montana From a Top Performing Realtor, in Billings Montana, Yellowstone County