Salt Lake County Real Estate Market Update

Salt Lake County Market Update

Status: BUYER'S MARKET

New Listings are UP 33% (2449 more than 2nd Quarter 2006!) That's a LOT more inventory on the market! With 826 LESS homes sold after the same time period in 2006, this means that Buyers not only have LOTS of choices, but they don't have to be afraid to walk away from Sellers who want more than market value for their homes.

STILL:

Days on Market for SOLD homes are still VERY RESPECTABLE at 33 days!

Average Sold Price for Single Family Homes are still UP 12.64% from last year's 2nd Quarter at $298,222

Data from Salt Lake Board of Realtors Quarterly Market Statistics (2nd Quarter 2007)

What this means is that it is still a good time to buy IF you have an agent who represents YOU and NOT the SELLER! The Seller's agent is obligated to get the best price and terms for the Seller. Exclusive Buyers Agents are obligated to get the best price and terms for the Buyer!

DON'T BUY A HOME IN THE SALT LAKE AREA TODAY WITHOUT AN AGENT WORKING EXCLUSIVELY FOR YOU!

Homebuyer Representation, Inc. is a Real Estate Brokerage that services Salt Lake City, Utah and surrounding areas. Agents are Exclusive Buyer Agents (EBAs) and represent BUYERS ONLY. For Free Reports or a Free Consultation, contact Homebuyer Representation at (801) 969-8989 or click the highlighted links in this paragraph.

©2007 Homebuyer Representation, Inc.

Look for a new market update. Third Quarter Statistics should be posted soon.