The statistics haven't even been finalized yet, but everyone is extremely excited about the housing market. How come?
Right now we are seeing indicators that suggest we may be breaking records for home sales. The current number of homes under contract indicate that we have TRIPLE the amount of normal activity on the housing market.
Here is an example:
In South Jordan, in the $400K - $500K price range we normally see approximately 15 homes under contract at a time. With the number of homes on the market this represents a 5-6 month inventory. In the past few weeks those number have Tripled!
Currently there are approximately 45 homes Under Contract. That's three times the normal 15 homes. With the current inventory of 54 homes available on the market, we only have a 1 month inventory!
This is just one example of what is happening all over the state. Our Neighborhood Experts are blown away by the activity in their areas. With numbers like these we could see many records broken in the next few weeks.
The banks aren't wasting any time, interest rates recently jumped. You can still take advantage of this market but time is short.
Call your Neighborhood Expert today to see how you can take advantage of these record breaking numbers. Don't know your Neighborhood Expert? Call me today to find out which agent in your area sells 400% more than the average agent.
About the Author:
Utah Dave - Daybreak Neighboorhood Expert and Local Resident
My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.
