Market of the Moment - 11/12/2021

[Alan Walker]

I’m gonna pull out some Kenny Loggins here and badly sing “Highway to the DANGER ZONE”. If you are under 30, Kenny Loggins was a singer and that was from the original Top Gun. And yes, I listened to the cassette on my yellow Sony Walkman.

We are back down to 400 homes available under 700,000 in Salt Lake County. We are experiencing some slow down on the seller side (less homes being listed as we head into the Holidays) yet buyer demand is as strong as ever with all price points tracked under a week on the market.

I have 8 flips going on right now and normally I am hesitant to do too much work in November and December because we end up listing in January and February. From the looks of it 2022, is going to be another STRONG year for real estate in Utah. I’m not worried about being able to sell during winter.