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November 2023 Cheyenne Real Estate & Interest Rate Outlook

stevePrescott ELP RE/MAX Capitol Properties Cheyenne WY
Steve Prescott Laramie County Real Estate Market Update

Welcome to our November 2023 Cheyenne Real Estate Market and Interest Rate Update! Are interest rates dropping?

Latest News on Interest Rates! As of December 13, the interest rates have ticked down, bringing exciting opportunities: Overall rate: 6.49% FHA/VA loans: An attractive 5.75% Conventional loans: Decreased by approximately 3/8%

Cheyenne Real Estate Market Insights: Total homes sold in November: 108, a slight decrease from October Days on market: Increased to 50, up from 44 (attributed to new constructions and relists) Average sales price: Now at $413k, compared to $423k in October These changes are in line with the expected seasonal trends, indicating a natural market adjustment rather than a downturn.

Why Choose Us to help you achieve your real estate investment goals? With decades of real estate experience, especially in high-interest and recession markets, our team at RE/MAX is equipped to be your trusted advisor. Our negotiation skills, market knowledge, and focus on your goals set us apart. We add our passion, care for our clients and community together with RE/MAX the #1 name in real estate to give you the best experience.

Let’s Achieve Your 2024 Real Estate Goals! Are you thinking of buying or selling in Cheyenne? With the latest market shift and more favorable interest rates, now might be your perfect moment. Contact us to get started. We’re here to provide expert guidance and help you navigate this dynamic market.

Steve Prescott, Broker/Owner, at RE/MAX Capitol Properties, shared his thoughts on the Cheyenne and Laramie County real estate markets in his recent update video. Be sure to subscribe to our YouTube channel to stay up to date on the local housing market, view homes for sale in Cheyenne and for real estate tips and tricks with our Cheyenne Realtors.

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