How’s the Market?
What are we currently seeing?
Across the nation, inventory is super low which is driving home prices up everywhere. 2020 caused consumers to realize that they want a bigger space to live in given that remote work is now becoming more of the norm, which has caused a rapid increase in demand.
Now, how is Utah different from the rest of the nation?
In the Beehive State, we have seen huge growth in terms of population % change over the last few years. This is a result of a healthy, balanced economy strongly influenced by a booming tech sector. With Silicon Valley (and California as a whole) becoming more expensive, companies and job seekers are flocking to Utah for the job growth, affordable living (in comparison to California), and access to the great outdoors.
What does this mean for you?
- If you’re looking to sell, you can expect to sell your home quickly (avg. days on market with BRE is 9), receive multiple offers, and often times receive cash offers!
- If you’re looking to buy, interest rates are near record lows which grants you additional purchasing power. With how competitive it is, you will want an agent who is AGGRESSIVE and can compete (and win) against multiple offers. Click here to meet our agents.
*Source: Utah Association of Realtors