Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
More and more real estate signs are showing up as houses are selling at a slower rate in 2016. Prices have also taken a dip by an average of $9,300 per house.
The real estate market in the Sidney area saw a dramatic decrease at the beginning of the year.
Louella Pippitt, Cheyenne County assessor, said houses have been selling, but prices are on average lower than normal.
"For the most part the (listing prices) are running less," she said. "We are sitting at 94 percent market value. We are normally at 98 to 100 (percent)."
According to Kelly Lapp, with Re/Max Realty Partners in Sidney, there are currently 105 houses listed in the area.
"It's a soft market with plenty of listings," Lapp said. "There are just not enough buyers for the amount of houses...
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