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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While we had another modest bump, and we all know how Utah loves modesty, in inventory, the real story is in the days on market, single digits in the lower price points!
We are not in the mania of 2021, however, the lack of inventory and buy pressure in the market is causing homes to go under contract faster. Well-priced homes are getting multiple offers, but not the non-refundable earnest money, waive all contingencies, close in 3 days situation. Slightly over asking, probably still asking for closing costs, standard closing timeline.
This sentiment feels much more realistic and manageable than 32 offers in a weekend.
Its a great time to be a buyer, we are still 9% below our peak median home price. We were 15% off at our bottom last December so prices are creeping back up slowly.
If you'd like to know the value of your property in today's market, let me know. I'm happy to run a market analysis for you.
#utahhomes #utahrealtor #utahrealestate #UtahRealEstateAgent
While we had another modest bump, and we all know how Utah loves modesty, in inventory, the real story is in the days on market, single digits in the lower price points!
We are not in the mania of 2021, however, the lack of inventory and buy pressure in the market is causing homes to go under contract faster. Well-priced homes are getting multiple offers, but not the non-refundable earnest money, waive all contingencies, close in 3 days situation. Slightly over asking, probably still asking for closing costs, standard closing timeline.
This sentiment feels much more realistic and manageable than 32 offers in a weekend.
Its a great time to be a buyer, we are still 9% below our peak median home price. We were 15% off at our bottom last December so prices are creeping back up slowly.
If you'd like to know the value of your property in today's market, let me know. I'm happy to run a market analysis for you.
#utahhomes #utahrealtor #utahrealestate #UtahRealEstateAgent
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