October Market Insights

    Overall there are some market increases for the month of October for 2019.

    Buyers are continuing to take advantage of lower mortgage rates. Increased sales make it so that there aren’t that many homes on the market, and they’re selling for a higher price. The National statistics in real estate is still notating that we overall have a challenged supply of housing. This alters then the overall demand pressures such as price and even days on the market.

    • Home sales year over year difference is currently 3.9% over 2018.
    • Median sales prices is 8.4% over 2018 at $254,800.
    • 49 Days on the market.

    More information is in the video! Check it out. It gives you a general feeling of what is happening nationally in the housing department. Locally for Cheyenne and Laramie County we are continuing to see a low inventory of homes for sale, homes continue to appreciate in value and we expect the Cheyenne real estate market to be strong in 2020. Let us know how we can help you reach your 2020 real estate goals in Cheyenne and the surrounding areas. When you compare our average home price to those in Northern Colorado, it still makes now a great time to buy a home and it is a perfect time to sell your home. Call us today at RE/MAX Capitol Properties 307-635-0303 or visit us online.

     

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