Bozeman Real Estate Market Conditions & Reports, Bozeman Market Trends, Montana

Market Commentary Provided by Doug East
It’s a great time to be a home buyer. Excellent selection in all price ranges, good prices, and a good mortgage environment.

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Doug East
ERA Landmark Real Estate
Bozeman, Montana
406-579-1420
doug@eralandmark.com
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Nearest Metro Area

Helena

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Inventory Comments

Our market is showing some signs of stabilization and inventories in some price ranges are shrinking.

Average Home Price

$275,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$600,000 - $649,000

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

90-95%

Multiple Offers?

Multiple Offers Commentary

Some foreclosed properties are getting multiple offers.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Bozeman is

Increasing

Seller Activity for the past 90 days in Bozeman is

Decreasing

Is Financing Available For Qualified Buyers in Bozeman?

Yes

Comments on Financing For Qualified Buyers

Financing is available and rates have consistently been very attractive.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Most cities within the Gallatin County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Population Growth

Average Sold Price

$275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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