Updated: Jul 22
Inventory is growing in Salt Lake County—is now a good time to buy?
Is now a good time to buy residential real estate? If you want to know the answer to this question, you have to know your assets and understand some key statistics and indicators of your specific market. Today I'll share a few details about the residential housing in Salt Lake City, Utah, to help us arrive at a conclusion.
Feel free to watch the full explanation or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:51 — Sales per month report in Salt Lake County
2:38 — Inventory is growing slightly, but sales are down
3:08 — There are more options now, but fewer homes are under contract compared to last year
3:54 — The market is not going to crash
4:29 — We're shifting into a more balanced market
5:00 — Should you buy or rent?
5:45 — Home prices in Salt Lake County are unlikely to drop
5:58 — Wrapping up
If you still can't decide whether to buy now or continue renting, we'll be happy to analyze your situation with no strings and costs attached. We'll educate you so you can make an informed decision regarding your real estate. Don't hesitate to call or email us. We hope to hear from you soon!