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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 |
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Doug East
ERA Landmark Real Estate
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