Market Heartbeat

Salt Lake City Real Estate Heartbeat April 2016

The Salt Lake Real Estate Market is alive and thriving. According to the Realtors Confidence Index Survey March 2016 results the market is up over last year. Nationwide 42% of homes sold with less than one month on the market. Here in Utah the median days on the market is between 31-45 days. 

Agents here are also reporting an uptick in buyers in the marketplace and continued weak seller traffic. 

That means we are still in the midst of a seller's market. The expectation is that home prices will rise 3-4% over the next 12 months with very strong sales in single family homes. The condo and townhouse market is also expected to be strong. 

It's still a great time to sell a home. It's a little more difficult to buy a home, but not impossible. Check out a link to my article on How to Buy a House in a Seller's Market for some tips on putting your offer ahead of all the others. 

For any and all of your real estate needs give me a call!