Market News For Salt Lake City June 2008

While the rest of the nation continues to struggle with the real estate market, Salt Lake continues to move forward. The local market in Salt Lake seems to be healthier than the rest of the country. The truth is that our market is still moving. There is alot of inventory out there but if your home is price right then it will sell.

One of the reasons for the positive market is the strong job growth. We are still one of the leaders in the country in job growth. The Governor and Satl Lake’s City council understand the importance of job growth and have incentivized many companies to come to Salt Lake.

Right now the average time on the market is over 138 days. But many areas are less than 100 days. Still very positive right?

For more information send me an email at scott@greatscottutah.com

Price is Key in the Salt Lake market

I cannot stress this enough. For those who are trying to sell their home in the Salt Lake area, you need to set the price right. Now what does that mean. I means setting it to where you are the most attractive price in your neighborhood. It doesnt mean give it away but you have to be aggressive. The homes with the best interior, location, etc and are priced right will sell in 30 days. The rest of you will be left to compete against everyone else in the neighborhood.

Clean it up, make it look great and listen to your Real Estate Professional and it will sell. This is not the market to try and test the market.