To the buyers that have been sitting on the fence waiting for the real estate market to recover guess what?  You missed bottom!  It’s on its way back up!  Supply and demand are beginning to work!  Now its just appraisers and conservative lenders holding the lid on prices.   Check out the absorption report done two seconds ago using data from the mls for single family homes in Salt Lake county.  

 

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

3,359

3,359

3,359

3,359

3,359

3,359

Under Contract Properties:

1,801

1,801

1,801

1,801

1,801

1,801

Sold Properties:

1,852

2,787

3,512

4,145

4,879

10,027

Market Absorption:

1,826.50 Per Month

1,529.33 Per Month

1,328.25 Per Month

1,189.20 Per Month

1,113.33 Per Month

985.67 Per Month

Inventory:

1.84 Months

2.20 Months

2.53 Months

2.82 Months

3.02 Months

3.41 Months

Buyer's there are still plenty of opportunities to be taken advantage of but the best agents are getting buyers the best homes.  Just ask a few of our past clients!   The Jones team constantly monitors new listings and makes our clients aware of them.  Sellers’ thinking about moving up NOW is the time!!!