If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Salt Lake County market.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.
Our January market report showcases everything you need to know about local real estate trends.
Surrounding Counties along the Wasatch Front, at least proportionally, look similar.
The picture that these numbers are painting is that homes are getting multiple offers within a couple days of hitting the market. Buyers are offering much more attractive terms than they were even a couple of months ago. The current hot sellers market is about as HOT AS A MARKET PHYSICALLY CAN BE. Extremely low supply and demand that is through the roof. Everyone talks about low inventory but demand is so high that it would absorb any possible influx in inventory.
Selling your current house and buying your next home is doable. It just requires a little bit of finesse. I'll bet you've heard stories of buyers losing out on homes that they love in 5, 10, 20+ different multiple offer situations in this crazy hot market. I feel an ethical duty to share this... It IS POSSIBLE to buy a home in this market. Let me share two personal stories from the trenches of SLC real estate from this week that will make you feel more confident
Homes On Market
Under Contract
Months Of Supply
So an inventory of roughly 2 weeks (a balanced market is 6 months)
