As I sat down to prepare this month’s market analysis – I had to take a double check three or four times. I really could not believe how incredibly low the inventory is for both Salt Lake & Davis County. So, what does the real estate market statistics show for February 2021? With the low inventory it is no wonder that the prices of homes have increased. The days on the market remain low. In fact, have been in the single digits since late summer.
What do the Statistics say for a Buyer?
What do these market statistics show a buyer? If you are a buyer, you must be prepared. This means pre-approved or at least pre qualified. Meeting with the lender is a key step prior to competing for a home. Selecting an experienced agent to guide you. I have over 20 years of experience and many more tactics and tips to win deals for my buyer clients. As an agent it is my goal to assist you. So let me help search for your home and structure a winning offer for you.
What do the Statistics say for a Seller?
If you are a seller – you are calling the shots as these recent real estate market statistics show. This allows you to make the move fit your timeframe and your schedule. You will need an agent who understands contracts and negotiation. A careful review of all offer details as you would not want to jump at an offer that could certainly be just too good to be true and leave you stuck. You want someone to help you execute and move as planned and scheduled. My expertise will help you navigate all the hurdles that go with a home sale and ultimately put more money in your pocket.
If you have been considering Buying or Selling and are looking for more information. Contact Cindy DeHart at EXIT Realty Success 801-319-0026 to help you navigate the current market!
Gathering data and understanding the market is one key component. If you are looking for additional information I recommend the following sources. To view the 2021 Utah Housing Market Forecast by Salt Lake Board of Realtors. For a broader approach the National Association of Realtors tracks statistics and presents additional viewpoints.
For additional information for Buyers or Sellers please visit the Wasatch Front Life Real Estate Guides