While political attention locally and at the state level has been focused on a possible increase in property taxes next year due to rising property valuations, it is crucial to take a moment to look at the condition of the local real estate market and what effect high prices are having on the community. According to data from the Custer County Assessor’s Office, the number of real estate sales in 2022 is off of their highs from 2021, but the lack of sales is also coupled with a lack of housing inventory, which appears to be keeping prices high. Because of the shortage of properties and homes to purchase both locally and nationally, prices have remained close to their pan- demic highs; and by all…
