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Spring 2012 Market Update
It’s a great time to be a home buyer. Excellent selection in all price ranges, good prices, and a good mortgage environment.
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $600,000 - $649,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Bozeman is | Increasing |
| Seller Activity for the past 90 days in Bozeman is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Some well priced single-family homes are getting multiple offers. Interest rates remain very favorable. Prices in Bozeman are expected to continue their modest increase in 2011. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available and rates have consistently been very attractive: our data suggest that prices have bottomed. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Our market is showing some signs of stabilization and inventories in some price ranges are shrinking. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Belgrade |
| Housing Hot Spots | Most cities within the Gallatin County area are considered ’Housing Hotspots’ |
| Average Sold Price | $250,000 - View Graph Trend |
Bozeman Local News
News for Bozeman, MT - February 9th, 2011 8:52am
Our 2010 data suggests that single-family home prices have bottomed in the Bozeman market. Additionally, inventory in the "sweet spot" of our market is at a several-year low. This combination of price stability and lower inventory in the core Bozeman area have led to a few instances of multiple offers for some properties. This combination of price stability and favorable interest rates suggest that we are now in the best time to buy in Bozeman. Our outlook is that prices improved slightly in the 1% range for 2010 and will continue to improve in the 1%-3% range in 2011.
Contact Information
Doug East
406-579-1420
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Blog Archives
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Doug East
ERA Landmark Real Estate
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 406-579-1420
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