Halloween may be over, but that doesn't mean I can't take advantage of this fortune teller costume to cast some predictions about the future of the Utah housing market.
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Since I dressed up as a fortune teller for Halloween, I thought it was all too fitting to give you a psychic prediction of what will happen in the Utah real estate market in the fourth quarter and beyond!
So what's in the cards for the Utah market? To me, it looks like Utah still has one of the strongest job economies in the nation. We're currently below 4% for unemployment, which essentially means we're fully employed. If you couple that with our affordability, you can see that housing prices are still well in line with the median income.
This all means that we are in great shape.
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Low unemployment and housing affordability are making our economy strong.
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At the moment, we're experiencing very low inventory levels. If you're a seller at this time, this means you're going to have your pick of the crop when it comes to buyers making offers on your home. We're also experiencing historically low interest rates, meaning that affordability has never been better.
Halloween may be over, but our market is seeing all treats and no tricks. I predict that it's still a great time to be either a buyer or seller in the Utah real estate market. If you have any questions for me or you're thinking about buying or selling a home in this fantastic market, give me a call. I'd love to speak with you!
