Market of the Moment - 5/6/2022

[Alan Walker]

Our inventory is still over 300 homes under 700k in Salt Lake County. If we wanted to play with statistics, we can say, there’s been a 50% increase in houses over the last month (from 200 to 300) but the reality is that even with that increase, things are still tight. Sellers are still running the show but do need to be reasonable in their expectations from even a couple months ago. Pumping the brakes on a runaway train is not the same as a correction. I only got 6 showings the first day I listed a house, only. That is still bananas. As with most things in life, its all in how you look at it.