About 14% of the homes for sale in the Lockwood, Emerald Hills area of Billings Montana have an accepted contract at this time. This amount of inventory seems a bit high right now, and most of the unsold inventory is much higher than what's under contract:
The average listed sales price for this area right now is $271,000
The average listed sales price for the 1 pending sale is $37,000
The average listed sales price for the 5 homes under contract with contingencies to meet is $159,000
If we look at the rate of sales for the last 90 days, which is 5 homes closed each month, there is about 7.2 months of inventory on the market in Lockwood and Emerald Hills Billings Montana right now.
