By Wendy Corr, Cowboy State Daily
It’s a seller’s market.
That’s what Wyoming real estate agents are saying after an influx of out-of-state buyers has all but decimated the available properties in the last year.
For example, in Cody, there are 193 active licensed realtors – but only 20 available residential properties in the city limits.
Jake Ivanoff, president of the Northwest Wyoming Board of Realtors, said rather than a buyer’s market, in which the supply is greater than the demand, it’s now a seller’s market.
“A year ago, up to even eight months ago, I was still hesitant to call it, you know, a seller’s market, but now it is 100% no question,” Ivanoff said. “It was probably like, November, that we started realizing, oh, man, we’re almost out of inventory.”
It’s a seller’s market.
That’s what Wyoming real estate agents are saying after an influx of out-of-state buyers has all but decimated the available properties in the last year.
For example, in Cody, there are 193 active licensed realtors – but only 20 available residential properties in the city limits.
Jake Ivanoff, president of the Northwest Wyoming Board of Realtors, said rather than a buyer’s market, in which the supply is greater than the demand, it’s now a seller’s market.
“A year ago, up to even eight months ago, I was still hesitant to call it, you know, a seller’s market, but now it is 100% no question,” Ivanoff said. “It was probably like, November, that we started realizing, oh, man, we’re almost out of inventory.”