Wyoming Housing Market Mid‑Year 2025: What Buyers Need to Know in Sublette County

📊 Mid‑Year Market Snapshot: Jan–Jun 2025 vs. 2024

• A total of 36 homes sold in the first half of 2025, down from 40 in 2024.

• Total sales volume was $20.1 million, a slight dip from $20.7 million last year.

• Median home prices surged to $500,000, up significantly from $412,000.

• Days on market extended to 163 days, compared to 96 days a year ago.

• The list-to-sold price ratio increased to a –11% average discount, slightly deeper than 2024’s –9%.

🏡 What This Means for Buyers & Sellers

• Buyers now face a market where homes are taking 70 days longer to sell—a sign that negotiation power is shifting in their favor.

• Sellers are still seeing strong value gains, with pricier homes (median selling price $500K) reflecting continued demand at higher price points.

🇺🇸 Broader U.S. Housing Market Trends

• Nationally, home sales remain near 30‑year lows, hampered by high mortgage rates and affordability concerns (investopedia.com, farwestsonoma.com, wsj.com).

• However, there's a modest rise in inventory and slightly slower price growth—signs that the market is cooling, not collapsing (cbarealtors.com).

• Some metro areas have shifted toward buyer’s markets, with sellers adjusting prices to attract offers (farwestsonoma.com).

💵 Interest Rate Update

• The average 30‑year fixed mortgage rate is around 6.67%, down from the 7%+ range earlier in 2025 (apnews.com).

• Economists expect rates to remain in the 6–7% range through the year, with potential slight easing if inflation continues to cool .

🔍 Why It Matters to You

• Buyers:

  • More time to review listings and negotiate.

  • Consider locking in a pre-approval now vs. waiting for uncertain rate drops.

• Sellers:

  • Homes still sell at or near market value if priced right, despite lengthened DOM.

  • Expect to negotiate; adjusting your strategy early can preserve value.

💬 Ready to Talk?

If you're curious how this impacts your buying or selling strategy, I’d be glad to help:

• Get a custom market analysis (CMA) to understand your home’s local value.

• Discuss financing options based on today’s rates.

📞 Call or text me at 307‑231‑6486—let’s make your next real estate move a smart one.

Warm regards,
Vanessa Cameron