Here’s what’s currently happening in the northern Utah market.
With the transition into a new year, many people have been asking how our market is doing. Well, inventory is low and buyer demand is high, which affords sellers a greater chance to receive multiple offers for their homes and sell quickly. Interest rates are still at all-time lows, and we expect that to continue for the foreseeable future.
If you’re looking to buy a home in northern Utah, be prepared to move quickly, be decisive, and not get discouraged if your offer doesn’t get accepted—most buyers are having to submit several different offers before one of them gets accepted.
If you’re thinking of selling a home, now is a great time because most homes are selling for higher prices due to lack of inventory and high demand. However, it’s still important to prepare your home for sale and price it properly.
If you have any questions about the northern Utah market or real estate in general, feel free to reach out to the Pokorny Property Group. We’d love to help.
