Home > Blogs > Howard Sumner > Montana Realtor Blog, Real Estate Market Information Billings, Montana, Yellowstone county
Billings Montana real estate market stats
Market update at glance 3/21/2009 Year Percentage Increase or -Decrease
Yellowstone County 2008 2009
Residential Closed Sales Units 369 222 -40%
Residential Pending Sales Units 255 222 -13%
Residential Active Property Units For Sale 681 813 19%
Average sales price Single family Home $200,124 $195,889 -2%
Average Square feet Single family Home 2272 2286 1%
Median sales price Single family Home $180,000 $175,500 -3%
Median Square feet Single family Home 2120 2160 2%
Average Days on Market Till Offer Received
Single Family Home 68 77 13%
Absorption rate - TIME IN DAYS
Time it would take for all existing 240
properties to sell with no new inventory coming
into the market place - residential
SINGLE FAMILY PERMIT ISSUED FOR MONTH thru 3/13 30 14 -53%
SINGLE FAMILY PERMIT ISSUED FOR YEAR thru 3/13 71 31 -56%
Average Number of Rentals Advertised Sundays 108 136 26%
Average Asking Price for a Rental Home $1,114 $1,096 -2%
Average Asking Price for a Rental Apartment $678 $689 2%
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