Here are our predictions about market appreciation in Salt Lake County.
For those of you who have followed us for a while, you’ll know that the Salt Lake County market isn’t linear—it’s seasonal. To demonstrate this, today we’ll look at seasonal snapshots of the market’s appreciation based on certain statistics like median price and see how they’ve changed over the years.
Feel free to follow along in the video above, or use the timestamps below to navigate our discussion at your leisure.
1:10—A quarterly snapshot of appreciation based on median price
2:09—A monthly snapshot of single-family home sales
3:38—How much the market appreciated in four months in years past
5:13—Shifts in down payments and interest rates
6:36—Why buyers shouldn’t wait to act
7:46—A breakdown of our low inventory
9:31—Wrapping up today’s topic.
We know how competitive the market is at the moment, so if you have any questions or need guidance for your real estate transactions, don’t hesitate to reach out to us. We’d love to educate you so that you can make an informed decision when it comes to your real estate goals.