Admin

makert stats throughaugust 31st 2010

By
Industry Observer with Howard Sumner Consulting

here are the numbers for august . there are still some closed transaction to come though ,but they will not change the numbers very much. the most significant is that are closed as compared to last year is NOW below instead of above. again the result of the tax credit disappearing

Market update at glance   Year  Percentage Increase 
Yellowstone County  6/30/2101 8/31/2010   2009 2010 or -Decrease
               
Residential  Closed Sales Units   1221 1146   -6%
               
Residential  Pending Sales Units 289 219   -24%
               
Residential  Active Property For Sale 830 1055   27%
               
Average sales price Single family Home $201,772 $210,848   4%
               
Average Square feet Single family Home 2286 2339   2%
               
Median sales price Single family Home  $181,200 $187,950   4%
               
Median Square feet Single family Home  2162 2185   1%
               
Average Days on Market Till Offer Received        
Single Family Home      68 63   -7%
               
Absorption rate -  TIME IN DAYS        
Time it would take for all existing   252    
properties to sell with no new inventory         
coming into the market place - residential         
               
SINGLE FAMILY PERMITS MONTH june 20 32   60%
               
SINGLE FAMILY PERMITS YEAR  126 161   28%
               
Average # Rentals Advertised Sundays 400 342   -15%
               
Average Asking Price  Rental Home $1,024 $1,038   1%
               
Average Asking Price Rental Apartment $670 $644   -4%

Comments(0)