Thoughts to ponder for Real estate in Yellowstone County
2011 to 2012
Residential sales, number of units up 20%
Inventory, number of units, down by 21%
Price, considering size, up solid 3%
Interest rates are down 16%
Number of employed in Yellowstone county is up 2.4%
Number of three bedroom homes w/garage for rent down 12.22%
2008 to 2012
Residential sales, number of units up 1.5%
Inventory, number of units, down by 34.73%
Price, considering size, up solid 1.5%
Interest rates are down 44.9%
Number of employed in Yellowstone county is down .09%
Number of three bedroom homes w/garage for rent down 12.59%
Given the facts above and the graph below which will be the future of sales and pricing in residential sales for 2013
Do the number of sales of homes rise or fall?
Does the sales price of homes rise or fall?
Does the rent on a home rise or fall?
The house paymet is figured on the average sales price, 100% financing of that price & 25% of the payment for taxes and insurance
Howard Sumner
Howard Sumner Real Estate
404 North 31st Street
Suite 130
Billings Montana 59102
Voice 406-245-6890
Fax 406-254-2972
Web page http://www.RealEstateMontana.com
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