The Big Horn Basin, has been a fairly stable market, with home prices estimated to drop only 2.6 percent from peak to trough. The report forecast a 4-year home price increase of 23.7 percent, with the biggest price increase to occur in 2014.
So far, Wyoming’s housing market remains strong. According to K2TV (“Natrona County Housing Market Maintains Uptick,” March 18, 2013), “with the rapidly growing population in Big Horn Basin there’s a heavy demand for homes and that demand is boding well for both buyers and sellers. Last year Big Horn Basin had the fastest growing population in Wyoming because of that realtors and their clients couldn’t be happier.
“’I know the realtors in Wyoming are hungry,’ said Brian Reutner, new home owner.
“In large part the big increase is due to the unique job opportunities Wyoming provides.
‘Without a doubt it’s the coal, the oil, the gas; all those minerals keep the state going very very well,’ said real estate agent Kevin Bromley.
“‘The mineral market supports thousands of jobs statewide, which is why the Wyoming jobless rate is amongst the lowest in the United States. “There’s a lot of jobs compared to a lot of states,’ said Nicholas.
“The population here in Big Horn Basin is growing so fast the building companies can hardly keep up. ‘We’re low on inventory because there are so many people moving in from out of state and people selling here,’ Nicholas said.
September 23, 2015