market numbers 2009
Wednesday, January 06, 2010
by Howard Sumner
| Market update at glance |
12/31/2009 |
Year |
Percentage Increase |
| Yellowstone County |
|
2008 |
2009 |
or -Decrease |
| |
|
|
|
|
|
|
|
| Residential Closed Sales Units |
|
1946 |
1959 |
|
1% |
| |
|
|
|
|
|
|
|
| Residential Pending Sales Units |
115 |
134 |
|
17% |
| |
|
|
|
|
|
|
|
| Residential Active Property Units For Sale |
799 |
763 |
|
-5% |
| |
|
|
|
|
|
|
|
| Average sales price Single family Home |
$209,087 |
$200,363 |
|
-4% |
| |
|
|
|
|
|
|
|
| Average Square feet Single family Home |
2326 |
2253 |
|
-3% |
| |
|
|
|
|
|
|
|
| Median sales price Single family Home |
$185,000 |
$181,000 |
|
-2% |
| |
|
|
|
|
|
|
|
| Median Square feet Single family Home |
2215 |
2148 |
|
-3% |
| |
|
|
|
|
|
|
|
| Average Days on Market Till Offer Received |
|
|
|
|
| Single Family Home |
|
|
62 |
62 |
|
0% |
| |
|
|
|
|
|
|
|
| Absorption rate - |
TIME IN DAYS |
|
|
|
|
| Time it would take for all existing |
|
159 |
|
|
| properties to sell with no new inventory |
|
|
|
|
| coming into the market place - residential |
|
|
|
|
| |
|
|
|
|
|
|
|
| SINGLE FAMILY PERMIT ISSUED MONTH |
9 |
13 |
|
44% |
| |
|
|
|
|
|
|
|
| SINGLE FAMILY PERMIT ISSUED YEAR |
261 |
241 |
|
-8% |
| |
|
|
|
|
|
|
|
| Average Number of Rentals Advertised Sundays |
301 |
400 |
|
33% |
| |
|
|
|
|
|
|
|
| Average Asking Price for a Rental Home |
$1,114 |
$1,024 |
|
-8% |
| |
|
|
|
|
|
|
|
| Average Asking Price for a Rental Apartment |
$678 |
$670 |
|
-1% |