Billings, MT home prices and housing market

In Billings, the typical home is worth about four hundred one thousand dollars, but sellers are listing nearly thirty-five thousand dollars above that. That gap is the real story this month, and it decides whether your home sells quickly or sits. Values are still climbing, up about 2.8 percent over the past year, so this is not a falling market. Buyers have some choice too, with about 580 homes for sale and roughly 200 new listings hitting the market. But here is the catch. The median asking price is about four hundred thirty-five thousand dollars, well above what the typical home is actually worth, and nearly one in five listings has already taken a price cut. Homes that do sell are taking about 48 days to go under contract, so buyers are in no rush. If you are thinking about selling, price at the market from day one, because the sellers testing higher numbers are the ones cutting later. For a free estimate of what your Billings home is worth, visit Home Value Pros dot com.