What’s happening in our real estate market?
The low inventory trend has continued and even gone further than we’ve ever seen. As of the recording of this video, there are just 999 houses available along the Wasatch Front (including condos and townhouses). 734 of those 999 homes have come on the market in the last 30 days. What’s crazy is that there have been 2,263 closings in the same period, which means the number of closings is doubling the amount of inventory.
When people talk about “buyer’s market versus seller’s market,” they’re referring to the month’s worth of inventory on the market (if no other houses sold). Our insanely low inventory has presented both a challenge and an opportunity for our market. Sellers are often getting multiple offers for their homes after listing them—we’re seeing bidding wars of up to 10, 20, and even 30 offers. This flood of offers is discouraging some sellers from putting their homes on the market because of the sheer tedium of having so many people coming through their homes and choosing between so many offers.
“Now is one of the best chances you’ll ever have of selling to our private inventory of buyers.”
If you’re thinking of putting your home on the market but are fearful of this same situation, my team and I have a home selling option in which you may be interested. We’re working with dozens of buyers who are looking for homes to get into, and we’re trying to match them up with sellers who don’t want to endure the hassle of actually listing their homes. If you want to sell your home for top dollar without having to prepare it for the market, now is one of the best chances you’ll ever have of selling to our private inventory of buyers.
If this option sounds appealing to you, give me a call. My team and I will do a market analysis of your home to see if we can get the price you want. We’ll then check our buyer pool and match you up with any interested parties. Buyers are giving more leeway to sellers than ever before, so don’t wait to take advantage of this opportunity.
If you have any other real estate needs, feel free to reach out to me as well. I’d love to hear from you.
