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Hiccup In Billings Montana?
Today I got the usual question about our local Real Estate Market from a group of medical people (friends) and I had some hard truth to tell!  Our 2nd quarter of 2009 is not performing as well as I'd hoped!
I'll try to give you a few numbers, just so you can chew on them for awhile.
The volume of dollars in residential sales in areas 1 - 10 for the 2nd quarter of 2007 was $136,484,281.
The volume of dollars in residential sales in areas 1 - 10 for the 2nd quarter of 2009 was $96,306,411.
The average price of a residential home in areas 1 - 10 for the 2nd quarter of 2008 was $204,023.
The average price of a residential home in areas 1 - 10 for the 2nd quarter of 2009 was $191,845.
I compared the volume for 2007 to 2009 just because that's our all time high in the last few years.  2008 volume was $124,045,825.
We've also lost volume in number of sales.  In 2008, during the 2nd quarter, we sold 608 units, in 2009 during the same period we sold only 502 units.
Take heart, those who priced their homes correctly for this market ... more

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