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As we step into the final month of the 3rd Quarter in 2023, the pulse of the Gillette market remains steady, firmly holding its ground. Our inventory is on the upswing, with just over 100 homes available in Gillette and around 70 homes currently under contract. Notably, our year-to-date days on the market have increased by 5 days, reaching 64 in comparison to the previous year. Although it might seem like a significant shift, this is primarily attributed to limited inventory and rising rates rather than a shortage of eager buyers. Properties priced under $250,000 still draw multiple offers, and the demand for multi-family/investment properties remains robust, with low vacancy rates and rising rental rates. This year, the $250,000-$299,999 price range continues to be the most active.

One common question we get is, “Is it still a good time to buy with strong prices and higher interest rates?”

Steve says, “It depends on you and your situation.”

“If y ...