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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Median Home Price Drops 5% Month over Month, Feb 2022 vs. Feb 2023
Single family homes in Salt Lake county are down 5% vs. this time last year. Prices are down 14.5% since our peak in June of last year at 650,000.
For folks that have been waiting for the market to correct, your wait is over.
Everyone wants a deal and I can't say this enough. In Utah, where we have a shortage of houses and will have a shortage of houses for the next decade, getting into the market with a mortgage payment that makes sense is WAY more important than hoping to get the lowest price in a mortgage rate increasing market.
Time IN the market is way more important than having a lower purchase price and a much higher monthly payment.
The Fed continues raising rates and its possible we move to the 8-9% range this year. This means home prices may come down but the cost of borrowing goes WAY up, which means your monthly payment, even at a lower price, is considerably more than buying now.
If you have been waiting on the sidelines, get in touch and let's get you into your first/next home.
Median Home Price Drops 5% Month over Month, Feb 2022 vs. Feb 2023
Single family homes in Salt Lake county are down 5% vs. this time last year. Prices are down 14.5% since our peak in June of last year at 650,000.
For folks that have been waiting for the market to correct, your wait is over.
Everyone wants a deal and I can't say this enough. In Utah, where we have a shortage of houses and will have a shortage of houses for the next decade, getting into the market with a mortgage payment that makes sense is WAY more important than hoping to get the lowest price in a mortgage rate increasing market.
Time IN the market is way more important than having a lower purchase price and a much higher monthly payment.
The Fed continues raising rates and its possible we move to the 8-9% range this year. This means home prices may come down but the cost of borrowing goes WAY up, which means your monthly payment, even at a lower price, is considerably more than buying now.
If you have been waiting on the sidelines, get in touch and let's get you into your first/next home.
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