Tap my personal experience in the community to learn more about the market, the area, and how your home can drive your lifestyle ... You can see the effect of the interest rates by the slight increase in pending sales in September as compared to 2010 in the figures below. Yet for 4% or below rates and incredibly it appears as a small boost. When you take into consideration the average asking price for a home for rent is only $126 per month lower than obtaining a maximum FHA Loan on the average sales price including taxes and insurance.
Average Sales Price for Single Family Home------------$212,368 (2010) $207,214 (2011) -2%
Median Sales Price for Single Family Home-------------$188,950 (2010) $182,900 (2011) -3%
Days on Market ----------------62 (2010) 72 (2011) 16%
Residential Pending Sales Units ---------------226 (2010) 242 (2011) 7%
Average Asking Price Rental Home -------------$1,041 (2010) $1,058 (2011) 2%
Average Asking Price Rental Apartment --------------------$645 (2010) $650 (2011) 1%
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Specializing in the MT real estate market with a focus on Bridger MT Houses for Sale, Columbus MT Houses for Sale, Huntley MT Houses for Sale, Laurel MT Houses for Sale, Park City MT Houses for Sale, Red Lodge MT Houses for Sale, Shepherd MT Houses for Sale, Billings MT Houses for Sale,
Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
Last updated on May 20, 2012.