MARKET NUMBERS
Monday, July 06, 2009
| Market update at glance | 6/30/2009 | Year | Percentage Increase | |||||
| Yellowstone County | 2008 | 2009 | or -Decrease | |||||
| Residential Closed Sales Units | 1037 | 798 | -23% | |||||
| Residential Pending Sales Units | 218 | 307 | 41% | |||||
| Residential Active Property Units For Sale | 920 | 849 | -8% | |||||
| Average sales price Single family Home | $207,971 | $198,078 | -5% | |||||
| Average Square feet Single family Home | 2304 | 2271 | -1% | |||||
| Median sales price Single family Home | $185,000 | $179,900 | -3% | |||||
| Median Square feet Single family Home | 2184 | 2160 | -1% | |||||
| Average Days on Market Till Offer Received | ||||||||
| Single Family Home | 62 | 69 | 11% | |||||
| Absorption rate - | TIME IN DAYS | |||||||
| Time it would take for all existing | 236 | |||||||
| properties to sell with no new inventory coming | ||||||||
| into the market place - residential | ||||||||
| SINGLE FAMILY PERMIT ISSUED FOR MONTH | 32 | 30 | -6% | |||||
| SINGLE FAMILY PERMIT ISSUED FOR YEAR | 160 | 106 | -34% | |||||
| Average Number of Rentals Advertised Sundays | 108 | 129 | 19% | |||||
| Average Asking Price for a Rental Home | $1,114 | $1,076 | -3% | |||||
| Average Asking Price for a Rental Apartment | $678 | $690 | 2% | |||||