I AM IN THE PROCESS OF GETTING MY END OF THE MONTH REPORT READY AND THINKING THRU SOME ISSUES OF THE MARKET PLACE. YOU CAN SEE THE DRAMATIC EFFECT OF THE 8K FIRT TIME HOME BUY3R TAX CREDIT AND LOW INTEREST RATES. FOR FIRST TIME BUYERS BETWEEN 120K TO 180K UNIT VOLUME IS DOWN ONLY 18% BY IN 2009. BY PERCENTAGE OF THE MARKET PLACE THAT PRICE RANGE OF HOMES HAS GONE FROM 22% OF THE HOMES SOLD IN 2008 TO 29% IN 2009. WHEN YOU LOOK AT THE LOWER REGISTERS FROM THERE YOU RUN INTO AND AWFUL LOT OF JUNK HENCE THE DROP IN MARKET ACTIVITY.  THE OTHER GLARING ISSUE IS THE STAND STILL BETWEEN 400K AND 500K ONLY 2 CLOSED IN THE COUNTY THROUGH MLS REPORTED THROUGH THE APRIL 30TH TIME LINE.

THOUGHT YOU MIGHT FIND INTERESTING.

YELLOWSTONE COUNTY THRU APRIL 30TH 2009
YEAR TO DATE COMPARISON BY PRICE RANGE
YEAR 2008 YEAR 2009 % UP/DOWN
UNDER 100K 32 14 56%
100K TO 120K 24 12 50%
120K TO 180K 200 164 18%
180K TO 200K 70 48 31%
200K TO 300K 136 92 32%
300K TO 400K 38 22 42%
400K TO 500K 15 2 87%
ABOVE 500K 7 4 43%
YTD TOTALS 522 358 31%