This is the 3rd best year in real estate history for Billings, Montana area. Interest rates are good at approximately 6% right now, and the inventory is just above average for this time of year.
Feel free to contact me with any questions you may have about this information
| Market update at glance | 12/1/2007 |
| Year | Percentage Increase or -Decrease | |||||
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| 2006 | 2007 |
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| Residential Closed Sales Units |
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| 2568 | 2436 |
| -5% |
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| Residential Pending Sales Units |
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| 340 | 217 |
| -36% |
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| Residential Active Property Units For Sale |
| 968 | 949 |
| -2% |
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| Average sales price all types of properties |
| $ 173,496 | $190,713 |
| 10% |
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| Average sales price Single family Home Billings | $ 192,041 | $201,343 |
| 5% |
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| Median sales price Single family Home Billings | $ 169,900 | $179,900 |
| 6% |
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| Average Days on Market Till Offer Received |
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| Single Family Home Billings |
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| 52 | 55 |
| 6% |
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| Average Number of Rentals Advertised Sundays | 135 | 91 |
| -33% |
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| Average Asking Price for a Rental Home |
| $ 792 | $ 851 |
| 7% |
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| Average Asking Price for a Rental Apartment |
| $ 577 | $ 634 |
| 10% |
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