Too Hot, Then Too Cold -- When Will the Housing Market be Just Right?

A rarity just a few years ago, “for sale signs” seem to be sprouting in front of houses everywhere.  So how long will the local housing market cool? Sheridan Media’s Betsy Love asked a local real estate agent to look in his crystal ball and filed this report

The 2008 national housing market crash precipitated a cycle of general economic decline, which, in turn, pushed housing prices down even more. And though the local market didn't quite take the same cliff dive as the rest of the country, there has been a significant drop in recent years--just slightly more gradual:

Real Estate Agent Bill Rawlings says when the number of days the average house is on market declines is when we should expect prices to soon follow:

And of course the million-dollar-question on everyone's mind:

view counter
We now require people to use their real names for comments. (firstname/lastname) Expect comments to be removed if this condition is not met. Multiple comments without your Firstname/Lastname will result in the account being blocked.
SheridanWyoming.com

Send us a News Tip!

Have a news tip?
Use our anonymous form to let us know.