Market update at glance

5/31/2009

 

Year

Percentage Increase or -Decrease

Yellowstone County

 

 

2008

2009

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential  Closed Sales Units

 

 

808

605

 

-25%

 

 

 

 

 

 

 

 

 

 

 

Residential  Pending Sales Units

 

282

306

 

9%

 

 

 

 

 

 

 

 

 

 

 

Residential  Active Property Units For Sale

 

827

821

 

-1%

 

 

 

 

 

 

 

 

 

 

 

Average sales price Single family Home

 

$204,140

$197,345

 

-3%

 

 

 

 

 

 

 

 

 

 

 

Average Square feet Single family Home

 

2278

2274

 

0%

 

 

 

 

 

 

 

 

 

 

 

Median sales price Single family Home

 

$181,000

$179,900

 

-1%

 

 

 

 

 

 

 

 

 

 

 

Median Square feet Single family Home

 

2158

2179

 

1%

 

 

 

 

 

 

 

 

 

 

 

Average Days on Market Till Offer Received

 

 

 

 

 

 

Single Family Home

 

 

 

64

72

 

13%

 

 

 

 

 

 

 

 

 

 

 

Absorption rate -

TIME IN DAYS

 

 

 

 

 

 

Time it would take for all existing

 

 

245

 

 

 

properties to sell with no new inventory coming

 

 

 

 

 

into the market place - residential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SINGLE FAMILY PERMIT ISSUED FOR MONTH

29

29

 

0%

 

 

 

 

 

 

 

 

 

 

 

SINGLE FAMILY PERMIT ISSUED FOR YEAR

128

76

 

-41%

 

 

 

 

 

 

 

 

 

 

 

Average Number of Rentals Advertised Sundays

108

128

 

19%

 

 

 

 

 

 

 

 

 

 

 

Average Asking Price for a Rental Home

 

$1,114

$1,081

 

-3%

 

 

 

 

 

 

 

 

 

 

 

Average Asking Price for a Rental Apartment

$678

$691

 

2%