Total population (2009): 106,286Median sales price (Q4 2010): $168,500
Median sales price % change (Q4 '09-Q4 '10): 4.2%
Sales volume (# units sold in 2010): 1,461
Sales volume % change (2009-10): 4%
Unemployment rate (Dec. 2010): 3.9%
Foreclosure activity rate (Jan. 2011): 1 in 16,082 units
In addition to enjoying one of the country's lowest unemployment rates, at 3.9 percent, Bismarck received the highest job-growth projection from Moody's Analytics of the 10 markets.
The economic analysis and forecasting company predicted 3.3 percent job growth in Bismarck between the third quarter of 2010 and the third quarter of 2011, compared with 1.9 percent nationally. Six of the 10 markets overall had higher job-growth projections than the national average.
Area home sales tracked by the Realtor association were up 4 percent from 2009 to 2010, to 1,461 units, and the median sales price also rose 4 percent in 2010, to $167,735, Les Sohar, an International real estate expert said. As of mid-February this year, listings in Bismarck spent an average 77 days on market, compared with 135 days nationwide.
In Bismarck, median household income also rose 4 percent from 2008 to 2009, the latest figures available from the U.S. Census Bureau. That's compared with a 2.9 percent decline in median income nationwide.
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