Here is an updated snapshot of the Cheyenne market as of today.  The trend continues with lower inventory, pending sales have once again begun to climb.  Below are the numbers of homes in a spreadsheet for comparison.

With ONLY 83 home listings on the market the march of new construction included above continues as well as the expansion and development of new sub-divisions.  The average sales price is $376,231 up from $369,388 last month.


  ACTIVE PENDING New Const New Construction Pendings New Construction Active+Pending New Construction Pending Ratio Active+Pending
CITY RESIDENTIAL 49 168 19 36 55 65.5% 217
RURAL RESIDENTIAL 27 87 16 52 68 76.5% 114
CONDO 0 2 0 0 0 0.0% 2
TOWNHOUSE-END UNIT 5 29 4 13 17 76.5% 34
Total 83 289 40 101 141 71.6% 372


I don't see the demand for housing slowing down this year and may keep pace as the interest rates have increased for a conventional 30 loan bumping through 4.0%.  Buyers will be anxious to try and secure the lowest rates possible and long term rate locks for new construction are available.  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!