here are the market numbers for the first half of 2010. plenty of positives in terms of number of sales and on the pricing front. yet Iwould temper my optimism due to the large influence of the tax credits on the market. The one stand out showing the tax credit influence is the pending sale number and it shows a year over year decline of 24% a red flag if i ever saw one to future activity.

Market update at glance   Year  Percentage Increase 
Yellowstone County  6/30/2010 2009 2010 or -Decrease
               
Residential  Closed Sales Units   822 887   8%
               
Residential  Pending Sales Units 307 233   -24%
               
Residential  Active Property For Sale 849 961   13%
               
Average sales price Single family Home $198,694 $208,094   5%
               
Average Square feet Single family Home 2281 2312   1%
               
Median sales price Single family Home  $180,000 $185,800   3%
               
Median Square feet Single family Home  2176 2190   1%
               
Average Days on Market Till Offer Received        
Single Family Home      68 61   -10%
               
Absorption rate -  TIME IN DAYS        
Time it would take for all existing   205    
properties to sell with no new inventory         
coming into the market place - residential         
               
SINGLE FAMILY PERMITS MONTH  30 24   -20%
               
SINGLE FAMILY PERMITS YEAR  106 129   22%
               
Average # Rentals Advertised Sundays 400 333   -17%
               
Average Asking Price  Rental Home $1,024 $1,042   2%
               
Average Asking Price Rental Apartment $670 $647   -3%