Thursday, March 15, 2012

It's Time to List - House Sales are Up!

It has been a buyer's market in Utah for a long time but things are starting to look up for seller's as well.

-Sales of homes rose 30% in January compared to January 2011. January marked the 8th consecutive month of year over year house sale increases.

-More homes selling means there are fewer houses on the market. The number of homes for sale fell 29% from January 2011 to January 2012.

-Houses are selling more quickly. In January 2011 houses were on the market an average of 104 days, in 2012 that number dropped to 85 days.

What does that mean for you? It means that while record low prices and interest rates make it a GREAT time to buy, it is also turning into a GREAT time to sell. Buyers have fewer homes to choose from and they are looking for more options!

If you have been considering selling give me a call. We can review the value of your home and decide if it is the right move for you now.

No comments:

Post a Comment