The Bozeman area is maintaining a 12% appreciation rate for the last couple of years. The average sale price is $275K for single family homes. Houses are sitting on the market for an average of 60-90 days and receiving single offers to buy. The market is beginning to decrease as there are more sellers than buyers at the end of the summer 2006.
Big Sky remains a luxury area where the average sale price of houses is $350,000. Houses are on the market for 60-90 days. First time buyers are the most active part of the current market. Houses are getting 95% of the asking price, which is equivalent to last years trends.