How competitive is the Billings housing market?

Billings is moderately competitive as of September 2026, with a Sold Score of 50/100 (Fair Chance of Selling). **Pending ratio** is 0.30 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +7.2% — more choices for buyers than a year ago. **Median days on market** is 59. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 31.3% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 50/100 (Fair Chance of Selling) · Pending ratio: 0.30 · Inventory YoY: +7.2% · Median days on market: 59 · Sellers cutting price: 31.3% · Median listing price: $469,900 (-1.3% YoY)