Cheyenne, WY - Local Housing Data - Summary

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Cheyenne, WY Local News

Newest Figures Show New Home Sales and Prices Drop in Cheyenne

Posted on: Aug 08, 2014 11:14:01 AM

In the Cheyenne, WY market in May, closings of new homes fell year-over-year, but the decline was less than the year-over-year decline in April. New home closings moved from 3 a year earlier to 1 after the figure moved from 11 in April 2013 to 3 in April 2014.

1 of the 219 total closings were new home closings, a shift on a percentage basis from 3 out of 223 a year earlier. For new and existing homes, closings sank in May after also declining in April year-over-year.

Pricing and Mortgage Trends

The average new home price was $216,191, down from $386,185 a year earlier. This was on the heels of a 21.9% gain in April year-over-year.

Average mortgage size on new homes fell from $327,323 to $214,051. Average mortgage size on new homes went from $221,362 in April 2013 to $270,515 in April 2014.

Other Market Trends

The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.


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