Real Estate Agents are constantly asked
"Is it a buyer's market or a seller's market?"
We are in a unique situation right now, so the question can honestly be answered BOTH!
Some areas in Utah are in high demand and have low inventory. That is the definition of a Seller's market. An article in the LA Times explains how low demand is causing "Fierce competition" in high demand areas. This is great news for sellers. If you have a home in the right place and list it for the right price, you could have a bidding war on your home! With higher competition, sellers can get top dollar for their home.
On the flip side there are some areas with low demand and high inventory. typically these are high-end homes, but not always. Incredibly low interest rates make these homes more affordable than ever! If you're looking at purchasing a higher-end home, in some areas it is definitely a buyer's market!
Weather you are looking to buy, sell, or would just like more info on other market trends in Southern Utah. Give me a call, I would be happy to help out (435) 229-2365.
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