January 2018 Real Estate Market Update

    Cheyenne WY Real Estate

    How well is the Cheyenne WY real estate market performing? 

    January was a solid month for home sales in Cheyenne. If you are considering a move in 2018, then take a look at the numbers and check out a few reasons why it may be the perfect time for you.

    Statistics!

    • The average days on market is approximately 49. That’s less than two months!
    • The number of days to sell your home will depend on your listing price, if the home is priced right for the market, the home’s condition, and the marketing plan used by your agent to get your home in front of as many potential buyers as possible.
    • 110 homes sold in January.
    • $150,000 to $250,000 price range is selling quickly.

    Negotiation! The list to sold price is helpful to know if you are selling or buying a home. Ask your agent for his or her experience. When pricing your home keep it very close to the recommended list price that your agent gives you, so more people see it. The higher you get from the market price the fewer potential buyers will see it.

    Rates! Interest rates are still hovering around 4.375% which is a low rate. You’ll get more for your money than even another .5% increase allows. This means now is a great time for home purchases, a bigger bang for your buck. For budgeting and planning purposes whether you are buying, selling or refinancing it is helpful to know the rates, so you can calculate payments. First Interstate Bank has several resources on their website to help get you started.

    Early 2018 is a good time for selling your home according to the latest stats from the Cheyenne MLS! Call us at 307-635-0303 to get started or contact one of our Buyer Specialists or Listing Specialists today! We are here to guide you through the process!

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