homes for sale montana blog: absorption of inventory - how long? - 06/20/16 03:00 AM
Time it will take for Inventory to be “sold” or absorbed in the market
One question I get asked is how the market is doing. There are many ways to answer the question, yet I believe one the best is looking at absorption of the inventory by the market and the relation of pending sales to the active inventory.
So first let’s look inventory and the rate at current levels of sales how long the market will take to absorb or “buy the inventory”.
As of this morning June 20th 2016 there are 550 “homes” on the market (the first column). I … (0 comments)

homes for sale montana blog: Happy New Year in 2016 - 12/31/15 02:24 AM
Want to wish all of you a Happy and prosperous new year in 2016!!
Without You, My clients, Customers and Friends I would have no success.
So I thank you all for a great 2015 and look forward to serving you in 2016
Enjoy ringing the new year !! 

homes for sale montana blog: MARKET UPDATE AT GLANCE OCTOBER 2015 YELLOWSTONE COUNTY MONTANA - 11/11/15 05:07 AM
Market update at glance
October 30th 2015
“10 months down, 2 months to go”
October’s market update starts with “oh my god where has the year gone”.
The end of October 2015 numbers, closed sales up +6%, pending sales up +14 %, inventory down -6%, and interest rates down -6% from the year earlier. The interest rate trend of year over year declines will end this next month (November) would be my prediction.
As of the end of the week of November 6th the rig count in North Dakota is down -118 rigs since last year, 63 working in 2015 … (1 comments)

homes for sale montana blog: Through the looking glass - Alice in the wonderland of Housing - 08/23/15 11:55 PM
Through the looking glass - Alice in the wonderland of Housing
What follow is an analysis of Yellowstone County and the housing market to see if we can discern where it might head over the next couple of years by understanding income and household growth to see if we are in “balance” or has there been more housing produced than what is needed by growth or has pricing outpaced income.
Two things that are important to know 2006 was the year in which the greatest number of residential properties were sold in the mls and 2013 was the (I think) the bottom of … (3 comments)

homes for sale montana blog: Renting versus Buying, Myths and Anomalies - 09/06/14 12:11 AM
In the world today with the perspective of the past five years and the “housing collapse” many have written that owning a home is less desirable the Renting. As in all things about housing, “national” trends may not be as applicable to any individual Market. We that live in Yellowstone are fortunate to have a stable and growing economy where most every segment has experienced some growth over since 2009.  A few “facts” about Yellowstone County in July of 2014 the employment report indicates 82,419 persons employed in 2009 shows 77,985, an increase of 4,434. In July of 2019 the Freddie … (0 comments)

homes for sale montana blog: market update at glance march 2014 - 04/09/14 12:21 AM
With the first quarter of the year completed, still questions about how much winter effected the direction of the market. First let’s look at closed transactions, March 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are 313 as compared to 427 in 2013, a 13% decline, the same percentage as in January & February, even with cold and snow, the market did not fall further behind, so the question is, does this show strength in the underlying market.  
Single family permits: we see total single family permits have a decrease … (3 comments)

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

Howard Sumner

Your Real Estate Source, Your Results Solution!!

Billings, MT

More about me…

Howard Sumner Consulting

Address: 404 north 31st street, suite 130, billings, mt, 59101

Mobile: (406) 698-3051

Email Me

The Most Current Information on the Real Estate Market in Billings Montana From a Top Performing Realtor, in Billings Montana, Yellowstone County




RSS 2.0 Feed for this blog