Here are the Numbers through March 31st for The Yellowstone County Area. All the numbers are on  the postive side except for one and thta is market absorption at 229 days. You would expect thta number to rise this time of year becuase we are coming out of winter when the recent past sales have benn slower. Yet with an absorption rate that long and the tax credits expiring at the end of april it does give pause for some concern about sales without the tax credit, if the inventory remains at the level it is ans sales slow when the credits expire.

Market update at glance 3/31/2010   Year  Percentage Increase 
Yellowstone County     2009 2010 or -Decrease
                 
Residential  Closed Sales Units     302 307   2%
                 
Residential  Pending Sales Units   225 298   32%
                 
Residential  Active Property Units For Sale   802 880   10%
                 
Average sales price Single family Home   $198,515 $202,675   2%
                 
Average Square feet Single family Home   2292 2284   0%
                 
Median sales price Single family Home    $179,900 $181,500   1%
                 
Median Square feet Single family Home    2177 2166   -1%
                 
Average Days on Market Till Offer Received          
Single Family Home        77 59   -23%
                 
Absorption rate -  TIME IN DAYS          
Time it would take for all existing     229    
properties to sell with no new inventory coming         
into the market place - residential           
                 
SINGLE FAMILY PERMIT ISSUED FOR MONTH 13 45   246%
                 
SINGLE FAMILY PERMIT ISSUED FOR YEAR 30 70   133%
                 
Average Number of Rentals Advertised Sundays 400 339   -15%
                 
Average Asking Price for a Rental Home   $1,024 $1,009   -1%
                 
Average Asking Price for a Rental Apartment $670 $654   -2%