#16 February 5, 2023
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#16 February 5, 2023
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This is the show where I give you this week snapshot of the real estate market here in price and Emery counties in Utah!
Number of homes on the market between carbon in Emery county: 60
The number of homes that sold in the last seven days: 5
General market information:
- What do these numbers tell us? It’s still a SELLER’S MARKET by definition
- Buyers are starting to re-activate themselves as they warm up to interest rates
- Sellers need to re-calibrate their expectations to 60-90-120 days like a NORMAL MARKET in order to get their house sold.
- REMEMBER - prices this year will most likely stay flat or go down a little from 2022. So although IT IS a seller’s market by definition
— it’s important to price your home correctly at the beginning in order to sell in a reasonable amount of time.
Thanks for checking in this week, my name is Josh Madsen and I’m a realtor here in price Utah. If you have any market questions feel free to reach out directly to me at 801-388-4047 or you can email me at Josh @madsen.team