Thought it might be fun to do the ten year comparison for Yellowstone county home sales
Soooooooo I thought let’s compare today to ten years ago to today and see what we shall see
#1 Population 2002 132,165 vs. 2012 51,814 an increase of 14.86%
#2 employment 2002 71,690 vs. 2012 78,672 An increase of 9.73%
#3 interest rates 2002 6.54% vs. 2012 3.66% a decrease of 44%
#4 Average Wage 2002 $28,535 vs. 2012 $41,532 an increase of 45.54%
#5 Consumer CPI 2002 177.7 vs. 2012 231.325 an increase of 30%
#6 Sales Price 2002 $138,540 vs. 2012 $220,700 an increase of 59.30%
#7 Monthly PI 2002 $879.31 vs. 2012 $1,010.86 an increase of 14.96%
#8 Number of sales 2002 1,682 vs. 2012 1,661 essentially flat
#9 Average rent price 2002 $481 vs. 2012 $691 an increase of 43.65%
The thought to ponder with population, employment and income up, interest rates down ……………………
Why would single family home sales be equal today as compared to a decade ago in 2002?
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