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), will sellers ...
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 We had fewer pendings but more solds so the seller deadlock continues.We also had a big jump in expired/withdrawn.I showed four houses to my clients this morning and 3 of the 4 had been on the market over 45 days.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 se...
Median Home Price Drops 5% Month over Month, Feb 2022 vs. Feb 2023Single 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 w...
Our inventory continues to shrink with only 537 active homes under 700,000 in Salt Lake County.We see homes getting put under contract and homes selling, but we aren't seeing sufficient homes to replace those that went under contract.We have 38 less Active homes on the market than last week.Cou...
Last week I had the privilege to speak with Wall Street Journal Best Selling Author, Dan Nicholson, about his book Rigging the Game and the Certainty Operating System he created.I've been following Dan for over a year now and he is the real deal. One of the biggest things his book has done for...
Utah Real Estate, Utah Realtor, Real Estate, Real Estate Investing
Our market is tightening up on inventory. From our peak earlier this year of around 1100 active single family homes in Salt Lake County to 604 this week. Pending listings (under contract) are way up so people are getting homes under contract, there just isn't a steady pipeline of homes to rep...
I recently hosted a real estate forecast event for Salt Lake County. Here are some excerpts from the event. Everything you need to know about the Salt Lake market in 15 minutes.