Billings Market Update: Shifting Toward a Neutral Market—What Does It Mean for YOU?

The local market is seeing some interesting changes, so here’s the scoop:

Neutral Market

The 12-month median home price has crept up by $1,000, landing at $376,000. We’re now in a more NEUTRAL MARKET, meaning instead of rapid monthly price jumps, we’ll see steadier year-over-year equity growth—a Billings classic!

Listings Are Up, Sales Are Down

Year-to-date, listings increased, but sold listings DROPPED by slightly! More homes, fewer buyers—this could be the perfect opportunity for buyers to make a move!

Big Changes in the Luxury Range

If you’re looking at luxury homes, homes are staying on the market a little longer – meaning it could take almost two years to sell all available homes at this rate. Buyers in this price range have more room to negotiate!

More Choices in the mid-range

The $326K-$400K range is heating up, with 214 homes now on the market. Buyers in this sweet spot—rejoice!

What’s the Bottom Line?

We’re seeing more inventory and fewer sales, giving buyers more time to find their dream home. Sellers—we can be very strategic with your pricing in this changing market!

If you’re ready to buy or sell, or just want to chat about the market, I’m here to help! Let’s talk! 🏡