| Market update at glance | Year | Percentage Increase | |||||
| Yellowstone County | 09/30/2011 | 2010 | 2011 | or -Decrease | |||
| Residential Closed Sales Units | 1329 | 1268 | -5% | ||||
| Residential Pending Sales Units | 226 | 242 | 7% | ||||
| Residential Active Property For Sale | 1006 | 907 | -10% | ||||
| Average sales price Single family Home | $212,368 | $207,214 | -2% | ||||
| Average Square feet Single family Home | 2350 | 2364 | 1% | ||||
| Median sales price Single family Home | $188,950 | $182,900 | -3% | ||||
| Median Square feet Single family Home | 2214 | 2208 | 0% | ||||
| Average Days on Market Till Offer Received | |||||||
| Single Family Home | 62 | 72 | 16% | ||||
| Absorption rate - | TIME IN DAYS | ||||||
| Time it would take for all existing | 209 | ||||||
| properties to sell with no new inventory | |||||||
| coming into the market place - residential | |||||||
| SINGLE FAMILY PERMITS MONTH | 15 | 19 | 27% | ||||
| SINGLE FAMILY PERMITS YEAR | 188 | 151 | -20% | ||||
| Average # Rentals Advertised Sundays | 345 | 321 | -7% | ||||
| Average Asking Price Rental Home | $1,041 | $1,058 | 2% | ||||
| Average Asking Price Rental Apartment | $645 | $650 | 1% |
the two graphs below show the trends in sales and pricing over the last five years. some of the pricing diferntial is from size of homes purchased.
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