There are as of 1 October 2008, 136 active homes on the market with another 12 homes under contract for a total of 148. By calculating what percentage of the total the 12 homes under contract are you know if Farmington is a buyers or a sellers market.
12 divided by 148 = 8%.
If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.
So Farmington, UT is currently experiencing a buyer's market.
To find out more about market conditions in Utah just give me a call at 801-540-3825.
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Buyer and Seller Rescue Packages - Buyers call 1-800-258-1861, Ext. 894, 24 hour recorded message. Sellers call 1-800-258-1861, Ext. 895, 24 hour recorded message.
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