What's happening in the Billings Montana Residential Real Estate Market today July 6th 2010?
We have about 115 homes for sale that average about $214,000.
We have 14 homes that have contracts to close that are in the pending stage, they average about $201,000.
We have 19 homes that have accepted contracts to close in the contingency stage, they average about $205,000.
When we look at the local market here in the Billings Heights Area 1, West of Main Street, it looks like the Activity Index is about 23% (the percentage of homes for sale that are under contract of the total number of homes listed on the MLS for sale).
Over the last 90 days, about 28 homes have sold per month. At that rate, the current inventory of homes will take about 5.2 months to sell, and heck, that's pretty good!
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