MARKET UPDATE MARCH THE NUMBERS
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Market update at glance |
3/31/2009 |
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Year |
Percentage Increase or -Decrease |
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Yellowstone County |
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2008 |
2009 |
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Residential Closed Sales Units |
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429 |
295 |
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-31% |
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Residential Pending Sales Units |
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255 |
225 |
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-12% |
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Residential Active Property Units For Sale |
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733 |
796 |
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9% |
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Average sales price Single family Home |
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$200,445 |
$196,735 |
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-2% |
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Average Square feet Single family Home |
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2267 |
2278 |
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0% |
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Median sales price Single family Home |
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$180,600 |
$178,550 |
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-1% |
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Median Square feet Single family Home |
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2114 |
2160 |
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2% |
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Average Days on Market Till Offer Received |
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Single Family Home |
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69 |
78 |
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13% |
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Absorption rate - |
TIME IN DAYS |
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Time it would take for all existing |
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239 |
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properties to sell with no new inventory coming |
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into the market place - residential |
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SINGLE FAMILY PERMIT ISSUED FOR MONTH |
thru 3/31 |
30 |
13 |
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-57% |
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SINGLE FAMILY PERMIT ISSUED FOR YEAR |
thru 3/31 |
71 |
30 |
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-58% |
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Average Number of Rentals Advertised Sundays |
108 |
133 |
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23% |
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Average Asking Price for a Rental Home |
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$1,114 |
$1,088 |
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-2% |
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Average Asking Price for a Rental Apartment |
$678 |
$696 |
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3% |
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