montana new home sales: Market update at glance September 2015 - 10/20/15 08:26 AM
Market update at glance
September 30th 2015
“History and Fall, a couple favorites of mine”
September’s market update starts with discussion Historical perspective. Those that have read these report for a while know that the high point in activity for residential sales was 2006, in that year there was 2043 “home sales” in Yellowstone county, there was 551 single family living units (single family plus duplex) created by permits taken out in the city of Billings. Average sales price was $191,850; 30 year fixed rate was 6.41%, making the PITI payment $1,531 dollars per month. Fast forward to this year 2015 residential sales … (1 comments)

montana new home sales: market update at glance august 2015 - 09/14/15 03:46 PM
August 31ST 2015
What has the summer taught about the market?  
Just really going to let the numbers and charts speak for themselves this month. if you have any question please call or email

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montana new home sales: market update at a glance april 2015 - 05/09/15 09:55 AM

April 30th 2015

 “Spring has sprung and the sprung has the market Jumping”

April’s market update starts with a saying I believe most would be familiar, about flowers coming to bloom as sign of renewal and growth.  Actually though April is a continuation of “March Madness”  activity since weather warmed and interest rates dropped in 2015 Market.  At the end of April 2015, closed sales up +12%, pending sales up +10 %, inventory down    -10%, and interest rates down-15% from the year earlier.

As of the end of the week of May 1st the rig count in North Dakota … (2 comments)

montana new home sales: 1024 Lost View Drive, Billings MT 59105 - 05/16/12 12:53 PM

montana new home sales: national home sales - 12/07/11 07:18 AM
The national association of realtors has acknowledged that they have actually overstated home sales. They have also stated they are in the process of revising their methodology in coming up with their figures and will restate their “estimates” in the “near” future. To give you an idea of how their restatement may look here is an estimate of sales then two graphs on show the numbers below and one showing new single family sales to give a visual and actual bench mark for comparisons
Here is new single family sales as a bench mark comparison for … (0 comments)

Howard Sumner, Your Real Estate Source, Your Results Solution!! (Howard Sumner Real Estate) Rainmaker large

Howard Sumner

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Billings, MT

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