Market update at glance

1/31/2009

 

Year

Percentage Increase or -Decrease

Yellowstone County

 

 

2008

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential  Closed Sales Units

 

 

114

59

 

-48%

 

 

 

 

 

 

 

 

 

 

 

Residential  Pending Sales Units

 

228

142

 

-38%

 

 

 

 

 

 

 

 

 

 

 

Residential  Active Property Units For Sale

 

608

824

 

36%

 

 

 

 

 

 

 

 

 

 

 

Average sales price Single family Home

 

$215,874

$191,014

 

-12%

 

 

 

 

 

 

 

 

 

 

 

Average Square feet Single family Home

 

2443

2218

 

-9%

 

 

 

 

 

 

 

 

 

 

 

Median sales price Single family Home

 

$185,000

$169,450

 

-8%

 

 

 

 

 

 

 

 

 

 

 

Median Square feet Single family Home

 

2184

2149

 

-2%

 

 

 

 

 

 

 

 

 

 

 

Average Days on Market Till Offer Received

 

 

 

 

 

 

Single Family Home

 

 

 

67

64

 

-4%

 

 

 

 

 

 

 

 

 

 

 

Absorption rate -

TIME IN DAYS

 

 

 

 

 

 

Time it would take for all existing

 

 

225

 

 

 

properties to sell with no new inventory coming

 

 

 

 

 

into the market place - residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SINGLE FAMILY PERMIT ISSUED FOR MONTH

15

2

 

-87%

 

 

 

 

 

 

 

 

 

 

 

SINGLE FAMILY PERMIT ISSUED FOR YEAR

15

2

 

-87%

 

 

 

 

 

 

 

 

 

 

 

Average Number of Rentals Advertised Sundays

108

130

 

20%

 

 

 

 

 

 

 

 

 

 

 

Average Asking Price for a Rental Home

 

$1,057

$1,014

 

-4%

 

 

 

 

 

 

 

 

 

 

 

Average Asking Price for a Rental Apartment

$685

$695

 

1%