As with any economic sector, real estate is subject to the law of supply and demand.
A great example of this is the recovery of the Big Sky residential real estate market from 2009-2015. In 2009, the number of buyers purchasing real estate was at a historic low. At the same time, many sellers put their homes on the market, resulting in a high supply of inventory. Inventory remained high until 2011 when the median price reached its low point. Read the Entire Report
* All statistics are obtained from MLS and deemed reliable but because information is provided by third parties, we cannot represent it is accurate or complete. YC Realty does not report sales, therefore is not included in stats.