Market Report as of
Following the substantial surge of energy from the Colorado Springs and Denver housing markets (#1 market in the nation for 2016)
, Fremont County is currently booming with interest. Property values are being driven up as the inventory is being driven down. We have transitioned into a seller's market as demand is outreaching the current inventory.
Concerning potential sellers: If you are thinking of selling, now is a very powerful time to do so. If interest rates go up a single point (which there is currently risk of occurring), buyers' home purchasing power goes down 10%. This means there will be less people capable of buying your property at the price you want (or need), and statistically this often leads to a reduction in your price to an uncomfortable degree. If you are thinking of selling your house, this is very rare opportunity to maximize your price.
Concerning potential buyers: Interest rates are extremely low (with current risk of them rising), market volatility variables concerning the nation as a whole are relatively stable, and inventory in this area is getting closer to record lows. If you are thinking of purchasing property in Fremont County, your window of opportunity is becoming smaller and smaller.