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...
Subscribe to Play Your Game with Alan Walker
Subscribe to Play Your Game with Alan Walker
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Well hello kittens, let's talk about May 2022 vs. May 2023
First, median home prices in Salt Lake County for single-family homes came in 7.3% lower than last year. The interesting thing though is that we hit our bottom in December of last year when the median home price was $542,000. Initially a 13% price drop from the peak. We've been steadily climbing back up, even with these interest rates.
People are still buying homes and we've started to see multiple offer situations come back due to low inventory.
The biggest thing to think about is this, we have significantly less buyers in the market right now due to being priced out by interest rates. When rates drop near the end of this year or early next year (according to most lenders I'm talking to), do you think it will be easier or harder to get a house under contract?
Don't wait and compete with the masses. Take advantage of the smaller buyer pool and get into the house you want today.
📲TEXT or CALL me directly -
(801) 867-2345
———
💵🏡Want to know how much your house is worth?
I can provide you a FREE market analysis and tell you what you can expect to get for your property by showing you the true value! Send me a message with the link in my bio!
💵As a buyer, my services are completely free to you! Once you fill out the form in my bio, I will reach out to you with a text to see how I can get your dream home!
#utahhomes #utahrealestate #utahrealestateagent #utahrealtor #realestate #realestateinvesting #guncle #gunclealan
Well hello kittens, let's talk about May 2022 vs. May 2023
First, median home prices in Salt Lake County for single-family homes came in 7.3% lower than last year. The interesting thing though is that we hit our bottom in December of last year when the median home price was $542,000. Initially a 13% price drop from the peak. We've been steadily climbing back up, even with these interest rates.
People are still buying homes and we've started to see multiple offer situations come back due to low inventory.
The biggest thing to think about is this, we have significantly less buyers in the market right now due to being priced out by interest rates. When rates drop near the end of this year or early next year (according to most lenders I'm talking to), do you think it will be easier or harder to get a house under contract?
Don't wait and compete with the masses. Take advantage of the smaller buyer pool and get into the house you want today.
📲TEXT or CALL me directly -
(801) 867-2345
———
💵🏡Want to know how much your house is worth?
I can provide you a FREE market analysis and tell you what you can expect to get for your property by showing you the true value! Send me a message with the link in my bio!
💵As a buyer, my services are completely free to you! Once you fill out the form in my bio, I will reach out to you with a text to see how I can get your dream home!
#utahhomes #utahrealestate #utahrealestateagent #utahrealtor #realestate #realestateinvesting #guncle #gunclealan
No activity yet