Gillette WY Real Estate

Gillette WY Real Estate Market

As you will see in the update and the bullet points below the market remains very active and homes are continuing to move very well.  Here are some of the highlights from the month.

•  
• Our absorption rate was unchanged from last month at 4.5 months.
• The inventory has also remained stable at 350 homes on the market.
• Pending sales are still going strong with 110 homes under contract.
• In May our avg. days on market was 126 days.  That has now dropped for a 5th straight month and the avg. is now 105 days on market.  
• Our avg. sold price is up over $13,000 from this time last year at $246,881.

If you have questions or would like additional information on this market report, or real estate in general, please don't hesitate to contact us.  As always, we are never too busy for your referrals!

Gillette WY Real Estate

Gillette WY Real Estate

We continue to get a lot of questions regarding the energy industry and the effects the local economy is having on the housing market.  So far we have not seen anything of significance that is negatively affecting the market.  

• Our inventory has stabilized over the last 2 months and currently sits at 350 homes on the market.  
• Our pending sales have remained strong as there are currently 121 homes under contract.  
• Our absorption rate had no change from our last report at and remains at 4.5 months.  
• The average days on market dropped for the 4th straight month and has settled at 110 days.

We hear a lot of negativity about our local economy and industries.  However, we are happy to report that the real estate market continues to be a bright spot!  When you have questions please don't hesitate to contact us.  We are happy to answer questions or provide additional information.

As always, the greatest compliment you can give us is the referral of a friend or family member.