Mary Grant, executive officer of the Billings Association of Realtors, hears regularly from the Realtors working in the region and the common refrain has been the wild activity of the market. When reached for comment Tuesday, she had just chatted earlier with a Realtor who received 26 bids on a single home listing.
“It’s been the craziest market they’ve seen in the long time,” she said.
The analysis from the Wall Street Journal and Realtor.com tracked with what Grant has seen over the last year. The average price for a home in Billings in June 2020 was $284,988. In June of 2021, it had jumped to $376,248.