August 31ST 2015

 “END OF SUMMER BEGINNING OF SCHOOL”

What has the summer taught about the market?  

Just really going to let the numbers and charts speak for themselves this month. if you have any question please call or email

Market update at glance   Year  Percentage Increase 
Yellowstone County   08/31/2015   2014 2015 or -Decrease
all information comparing year to date        
Residential  Closed Sales Units   1439 1539 7%  
               
Residential  Pending Sales Units   359 410 14%  
               
Residential  Active Property For Sale 691 621 -10%  
               
Average sales price Single family Home $243,319 $250,184 3%  
               
Average Square feet Single family Home 2423 2397 -1%  
               
Median sales price Single family Home  $220,000 $225,903 3%  
               
Median Square feet Single family Home  2252 2246 0%  
               
Average Days on Market Till Offer Received        
Single Family Home      48 50 4%  
               
Absorption rate -  TIME IN DAYS        
Time it would take for all existing   138 129 -7%  
properties to sell with no new inventory         
coming into the market place - residential         
SINGLE FAMILY PERMITS MONTH  38 38 0%  
               
SINGLE FAMILY PERMITS YEAR  246 272 11%  
               
Average # Rentals Advertised Sundays 418 378 -10%  
               
Average Asking Price  Rental Home $1,176 $1,184 1%  
               
Average Asking Price Rental Apartment $715 $762 7%  
               
Number of Employed Yellowstone County    77,263    80,546 4.2%  
               
Freddie Mac 30 year fixed rate commitment 4.12% 3.91% -5%