Whether it’s the result of pandemic-stressed Americans traveling to the Cowboy State last summer or perhaps the desire to escape the political landscape of urban city life, increased interest in moving to Wyoming is creating a massive seller’s market in the area’s real estate business.
Mark Wilson is an agent with 307 Real Estate in Buffalo and commented on the increased real estate activity in the area…
Statistics from the Wyoming’s Administration and Information’s fourth quarter 2020 economic summary indicates that the price of a single-family home in the state is 8.4% higher in the fourth quarter of 2020 in comparison with the previous year.
According to that same report, the fourth quarter of 2020 shows that building permits for single family homes have increased by more than 21% from the 4th quarter of 2019, despite a considerable rise in construction costs.
Area homeowners who seek to cash in on the real estate boom are faced with the dilemma of finding their new home as a buyer in that same continuing seller’s market.
