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Thanks to Carbon County Realtor Gerry Khatchikian, we have some stats on the Red Lodge market. And they're getting ugly.



As you can see from the table, sales had been crashing in the last 6 months. Red Lodge went from a 2-year supply of homes to a 5-year supply.

And then in the month of January, there were No Residential Sales. Zero. If things continue at that rate, the inventory of 95 houses on the market will be absorbed.. never! Red Lodge has an infinite supply of homes based on January figures.

OK, things will probably pick up some this year (they can't get any worse). But a month without a single sale is significant, and not a good way to start the year.



To anyone thinking that the "nice" places will escape the bust, or that Red Lodge could never lose value because everyone loves it, or that rich people will prop up the market.... look at the table above, and think again.