Here is a snapshot of the Cheyenne market through the end of January that reflects back one year. The trend is lower inventory and with the pending sales dropping one might wonder if it's just fewer people coming into the market. I would suggest the pending sales dropping are not because of fewer buyers, but because of fewer listings. It is a remarkable stat to point out that there are as many new homes pending as existing. I don't see the demand for housing slowing down this year and may keep pace as the potential for rate increases looms over the market. Buyers will be anxious to try and secure the lowest rates possible. There is no time like the present to begin looking for your home because prices and rates will go up. You are welcome to call for the facts in selling or buying and chat about the market. Thank you.
Tom Jacobson
Value For Life!