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2012-10-24 15:26:05
Utah's Real Estate Market Makes A Come-Back

Wed - October 24, 2012

Utah's Strong Economy

I'm sure with all the political ads, attacks during the Presidential debates, and the media frenzy convering the economy that you are tired of hearing depressing and negative news. Well I have got some GREAT news about Utah's real estate market and Utah's economy.

Not only has Utah's unemployment rate dropped to 5.4%, which is incredible compared to the national average of 7.8, but our real estate market has seen real progress this year. Home sales are up 21% year over year which is a sign of new buyers entering the marketplace. The median sales price of homes also increased from $186k to $205k, a 10% increase! Do you remember the last time we saw rising home values in Utah? It's been a while. In addition, pending homes sales have risen 22% and the inventory of homes for sale on the MLS has been cut nearly in half. 

Keeping a long story short, interest rates being at historic lows, coupled with low unemployment and little inventory spells a bottom in the market. I might even go as far to say we are now entering a sellers market with rising prices. We may not be totally there yet, but it appears Utah's real estate market is making a come-back!!!

 

For more information regarding your local market or your homes value - feel free to call, text or email me with your questions.

 

 

 
Blog Archive
2012-10-24 15:26:05
Utah's Real Estate Market Makes A Come-Back

2012-03-19 17:02:37
Foreclosure Filings Slow In Utah But Spike Elsewhe

2012-02-22 08:47:11
National Home Sales SURGE In January

2011-08-26 00:35:10
2nd Qtr Market Statistics

2011-08-09 19:11:52
SLC Named in Top 15 for Business

2011-03-28 13:44:09
13% of US Homes Sitting Vacant

2011-03-17 20:44:34
1st Qtr Home Values Survey

2010-10-14 17:03:45
Forbes Names Utah No. 1 For Business & Growth!

2010-10-06 11:39:36
9.3% Increase In Purchase Home Loans

2010-10-04 16:01:52
Pending Home Sales Rise

2010-09-21 12:50:59
Housing Starts Jump 10.5% - Build Permits Also Up

2010-09-20 14:20:16
How To Fix Housing - Another Tax Credit?

2010-09-19 21:39:32
Large Fire Near Camp Williams

2010-09-16 09:25:06
Nationwide Foreclosure Numbers

2010-09-15 18:34:54
Here Comes The Double Dip In Home Values

2010-09-15 16:35:50
Utah Foreclosure Filings Up 55%

2010-09-14 22:38:30
DON'T FORECLOSE! DO A SHORT SALE!


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