Play Your Game with Alan WalkerMarket of the Moment - 3/17/2023
Market of the Moment - 3/17/2023: We are hovering around 500 homes active on the market under 700,000. This has been the norm for the past month. Buyers are buying, as proven by solds increasing week over week. As we creep towards April and spring (which in Utah is most likely late May), w...
Play Your Game with Alan WalkerMarket of the Moment - 4/28/2023
We've seen a small bump in inventory, though we are still much lower than we were in the winter.Buyer sentiment has improved, more showings are taking...
Play Your Game with Alan WalkerMarch 2022 vs. March 2023
We saw a decline in median home price for single family homes in Salt Lake County of 9% year over year for March. The last half of last year, we saw a decrease of 11.7%, so we've rebounded from the bottom at $561,000 in December of last year. Maybe in June, when there's no more snow, we'll s...
Play Your Game with Alan WalkerMarket of the Moment - 3/17/2023
Market of the Moment - 3/17/2023: We are hovering around 500 homes active on the market under 700,000. This has been the norm for the past month. Buyers are buying, as proven by solds increasing week over week. As we creep towards April and spring (which in Utah is most likely late May), w...
Play Your Game with Alan WalkerMarket of the Moment - 4/28/2023
We've seen a small bump in inventory, though we are still much lower than we were in the winter.Buyer sentiment has improved, more showings are taking...
Play Your Game with Alan WalkerMarch 2022 vs. March 2023
We saw a decline in median home price for single family homes in Salt Lake County of 9% year over year for March. The last half of last year, we saw a decrease of 11.7%, so we've rebounded from the bottom at $561,000 in December of last year. Maybe in June, when there's no more snow, we'll s...
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Market of the Moment - 3/3/2023:
No change in inventory week over week. We had fewer pendings but more solds so the seller deadlock continues.
We also had a big jump in expired/withdrawn.
I showed four houses to my clients this morning and 3 of the 4 had been on the market over 45 days.
We need more sellers willing to sell at current market prices. Remember, you're home is worth what someone else is willing to pay for it. Not what Redfin or Zillow say its worth. The market will always tell you what it thinks the value of your home is.
In the meantime, buyers are shopping and making offers. With a slight depression in prices due to the Fed raising interest rates, now is the best time to buy.
Once interest rates come down, prices will go up.
Don't miss this opportunity to start building equity today.
Market of the Moment - 3/3/2023:
No change in inventory week over week. We had fewer pendings but more solds so the seller deadlock continues.
We also had a big jump in expired/withdrawn.
I showed four houses to my clients this morning and 3 of the 4 had been on the market over 45 days.
We need more sellers willing to sell at current market prices. Remember, you're home is worth what someone else is willing to pay for it. Not what Redfin or Zillow say its worth. The market will always tell you what it thinks the value of your home is.
In the meantime, buyers are shopping and making offers. With a slight depression in prices due to the Fed raising interest rates, now is the best time to buy.
Once interest rates come down, prices will go up.
Don't miss this opportunity to start building equity today.
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