The number of homes under contract in the Downtown Billings Montana Area 6 compared to the total number of homes that are currently for sale is 22.5%, and that's a signal of a pretty healthy market, especially right now.
The Downtown market area seems to always be "ahead of the curve" as far as activity in Billings Montana. The area is popular for the classic style and age of homes as well as the great location to downtown and the medical corridor. I bet there are quite a few people who are not aware that we have a robust and high class medical community, it's tops in the Nation. Our employment figures for this area remain pretty strong with constant construction and advancement of 2 Hospital systems.
Here is some interesting data for the downtown area 6, if you like to follow this sort of thing (I do)!
- The average price of homes currently active $169,000
- The average price of homes pending sale (accepted contract) is $180,000
- The average price of homes contingent sale (accepted contract) is $162,000
- The average price of homes that closed (sold) in the last 90 days is $180,000
- 9.3 homes have sold per month over the last 90 days
The Quilting Realtor
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Those prices sound very reasonable for classic homes near a downtown area.