FEBRUARY 29Th 2016 “READY SET, WHOA OR GO!!, LOOKING AT 2016” February’s market update starts with “Let’s think different and ask different questions”. I believe it has been awhile since I addressed the issue of what I try to achieve with the information I collect and distribute. The first issue is to understand that essentially all the “numbers” I put together, in reality, are indexes of activity in the market place. Why may you ask is that important, while it is true I strive to create an accurate representation, in the end though, it is still a partial representation of the … (2 comments)
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)
“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)
In the immortal words of the Grateful Dead “what a long strange trip it has been”. I think that best describes 2014 Market. At the end of the 1st quarter 2014, closed sales down -13%, pending sales -1%, inventory up 4%, and interest rates up 22% from the year earlier. At that point I would have let you bet a dollar and I would have matched with $50 about 2014 catching or surpassing 2013, you would have taken my $50. As I said last month, probably should not bet … (0 comments)
montana real estate: Market Update at a Glance August 2014
- 09/16/14 12:36 AM
August 31st 30th 2014 “End of the Summer” First let’s look at closed transactions, August 2014 continued with fewer homes closed. Number of closed sales in Yellowstone County are 1424 August 2014 as compared to 1516 in August 2013, a 6% decline. Monthly year over year same story monthly year over year August 2013 199, August 2104 187. Residential pending unit sales are down -3% years over year. To compare; 2013 August pending unit sales were up 6% over August 2012. (2012 there were 350 pending sales; 2013 there were 372 pending sales, 2014 there are 359 pending sales). … (0 comments)
;)
;)
;)
