Salt Lake City Real Estate Market Heartbeat November 2015
/Let's take another look at the current Salt Lake City Real Estate Market Conditions today, shall we?
It's definitely slowed down in the month since I did my last Market Heartbeat. This is completely normal for this time of year. It's always slowest between Thanksgiving and Christmas as we shift our focus to family and the holidays.
That being said, I think I'm set to break my own December record next month. I'm on tract to close 4 deals next month. I know that doesn't seem like much and I've had higher months, but not in December. This is normally when I tell my sellers to gear up to list their homes by March 1st to be part of the spring rush. This year I'm hesitating a bit before saying that. There is still very little inventory on the market and there are still buyers out there looking. Good homes priced well are still selling very quickly. According the the Wasatch Front Regional MLS there's right around 4 months of inventory on the market - so still a good seller's market. If you are anxious to sell and don't want to wait until spring, this may be your lucky year.
This report was generated automatically by the Wasatch Front Regional MLS on 11/23/2015.
From the Realtor Confidence Index Report on the October 2015 Survey
Also, according to the Realtor Confidence Index Report on the October 2015 Survey the average days on the market for Utah was still under 30 days. That's amazing for this time of year. It crushes the national average of 57 days too.
So overall, even in this slowest part of the year, the market is doing good. It's not out of control crazy, but it is trucking away at a good pace.
Give me a call and we'll get you moved too!
