Recent Price Trends

Bozeman Real Estate Prices - Bozeman Real Estate Values - Bozeman Montana Real Estate Statistics 2008 Through 2009 - Southwest Montana Real Estate Market - Gallatin County Montana Real Estate Volume 2008-2009

Earlier this year, Housing Predictor (a housing forecasting website) had ranked the 25 top US cities for home value appreciation in 2009. The Housing Predictor Montana Rankings had five
Montana cities in the top 25 and two within the top 10 (you may recall that in January 2009, Billings ranked 3rd and Bozeman ranked 9th, placing both cities in the top 10 for appreciation in 2009).

Apparently, based on US housing data received during 2009, Housing Predictor has published a revised top 25 US Housing Market ranking for 2009. Again, five Montana cities have placed in the top 25 for 2009, but the revised ranking now places Bozeman 14th, Billings 18th, Livingston 20th, Great Falls 22nd, and Missoula 25th.

Housing predictor will be coming out with its 2010 predictions in the next month or so. The independent real estate market forecaster has made some early predictions as to US housing prices in 2010.

Pertaining to Montana real estate prices for 2010, the housing forecaster has Montana real estate prices dropping from 2.5% to 3.6% across the five, aforementioned Montana cities.

Below is a comparison chart for regional, Gallatin County and Bozeman Real Estate Prices, January through December 2008 and January through November 2009:

 

SOUTHWEST MONTANA REAL ESTATE ACTIVITY 2008-2009

#

Total Volume

Average

Median

DOM*

FINAL RESULTS YEAR 2008 VOLUME

 

 

 

 

 

All Gallatin County Montana

Over 950

Over $700M

Over $725K

Over $400K

Over 150

Bozeman Real Estate Area

Over 550

Over $350M

Over $650K

Over $400K

Over 150

Belgrade Real Estate Area

Over 150

Over $50M

Over $325K

Over $225K

Over 125

Manhattan Real Estate Area

Over 35

Over $20M

Over $550K

Over $350K

Over 130

Three Forks Real Estate Area

Over 30

Over $950K

Over $225K

Over $175K

Over 150

Gallatin Canyon, West Yellowstone, Big Sky Real Estate

Over 125

Over $225M

Over $1.5M

Over $125K

Over 225

CURRENT ACTIVITY YEAR 2009 VOLUME

 

 

 

 

 

All Gallatin County Montana Over 875 Over $700M Over $800K Over $400K Over 175
Bozeman Area Real Estate Over 525 Over $375M Over $700K Over $400K Over 175
Belgrade Area Real Estate Over 125 Over $50M Over $400K Over $225K Over 150
Manhattan Area Real Estate Over 40 Over $20M Over $500K Over $250K Over 200
Three Forks Area Real Estate Over 40 Over $12M Over $300K Over $250K Over 125
Gallatin Canyon, West Yellowstone, Big Sky Real Estate Over 125 Over $225M Over $1.5M Over $1.1M Over 500

* DOM = "Days On Market"