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Market update at glance
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5/31/2009
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|
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%
|
|