SIGNIFICANT market acceleration in the last 60 days

Each county along the Wasatch Front followed a similar pattern in 2021. Basically the hottest sellers market of all time from February to July. Inventory (supply) hit a record low in early Spring and hit a high (still at a low inventory level) in early November. Since early November inventory plummeted to nearly match the record low. Recent fluctuations in mortgage rates and the high likelihood of rising mortgage rates this year are boosting demand. This supply pinch and sky high demand are working together to create a white hot sellers market that feels awfully similar to Spring 2021.