HowardSumner  Percentage Increase
Market update at glance 9/15/2009 Year   or -Decrease
Yellowstone County 2008 2009
Residential  Closed Sales Units   1463 1288   -12%
Residential  Pending Sales Units   219 325   48%
Residential  Active Property Units For Sale 904 864   -4%
Average sales price Single family Home $208,540 $201,119   -4%
Average Square feet Single family Home 2316 2278   -2%
Median sales price Single family Home  $185,000 $180,500   -2%
Median Square feet Single family Home  2206 2158   -2%
Average Days on Market Till Offer Received        
Single Family Home      60 67   12%
Absorption rate -  TIME IN DAYS        
Time it would take for all existing     176    
properties to sell with no new inventory coming         
into the market place - residential         
               
SINGLE FAMILY PERMIT ISSUED FOR MONTH 28 29 4%
SINGLE FAMILY PERMIT ISSUED FOR YEAR 206 155 -25%
Average Number of Rentals Advertised Sundays 108 131   21%
Average Asking Price for a Rental Home $1,114 $1,053   -5%
Average Asking Price for a Rental Apartment $678 $682   1%