Sheridan’s Real Estate Market Mostly Unaffected by Wyoming’s Energy Crisis

Sheridan’s Real Estate Market Mostly Unaffected by Wyoming’s Energy Crisis

Wyoming’s number one economic resource is the energy industry. As of late, that industry has been suffering resulting in hundreds of layoffs and cuts to the budget statewide. This has caused shifts in several Wyoming Real Estate markets, however, Sheridan does not seem to be one of them according to ERA Carroll Realty’s Associate Broker/Owner Tom Belus.

Belus said there was likely some trepidation in the market when the layoffs first started coming, but after a while it was evident that Sheridan’s market was still going strong. In fact, the average sales price is slightly higher now. But what about in the future?

Belus said that he can only speculate at what the future of Sheridan’s real estate market will look like down the road, but there have been some recent signs of Wyoming’s energy industry preparing for a rebound.

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