Blog Main > 2016 Year End Market Statistics

Real Estate market trends and analysis for year-end 2016. 

 Statistically the Best

 

According to data collected from the Billings Multiple Listing Service (MLS) , in 2016 we were the top of 10 agencies registered in the Billings MLS, our office had the largest volume of closed homes in 2016.

Why we're the best.

Here at Berkshire Hathaway HomeServices Floberg Real Estate, we attribute our success to the wonderful team, our core standards, a strong sense of morality and professionalism. We want to make your buying and selling experience easy and enjoyable. The loyalty of our customers and quality of our agents is what has kept us in business for over 50 years.

Need more proof? Ask the public. We're Billings Gazette Reader's Choice for best Real Estate Agency 3 years running!

 

Averaging Out

 

Last Yr Active Residential Listings: 902
Current Active Residential Listings: 960 

MLS Average Days on Market: 59
Our Average Days on Marked: 58

MLS Residential Conversion Rate: 64.7%
Our Residential Conversion Rate: 72.6%

MLS Average Residential Sale: $240,809
Our Average Residential Sale: $280,359

 

Comparing to Last Year

 
After a smaller inventory last year, not unusual during an election year, we've picked right back up where we left off.
There's a noticeable increase in property on the market across the board, save those under $180k where it drops slightly. The highest inventory seems to be in the $180-350k range.

 

The Market Now

 
 

The average home sale prices in the Billings area are on a slow upward trend and continue to back up claims of stability in the market. The biggest jump in housing value is in area 5, by Josephine Crossing with a 15% increase over the last year and an 25% increase over the past 5.
Inventory has been low, so now is the time to sell. It means fewer days on market and better value for your home, but as a buyer, don't hesitate either! You may miss out.

 To see statistics from 2015 Click Here.

 Statistics and charts prepared by Berkshire Hathaway HomeServices Floberg Real Estate. This information is based in whole or part on data supplied by the Billings Association of REALTORS Multiple Listing Service. 
Neither the Association nor its MLS guaranteed nor is in any way responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the area real estate market.