The BAD NEWS Salt Lake area ranked in the bottom 10 areas in the country for home prices.  Homes price declined 11.4% in the first quarter of 2010 compared to the same quarter in 2009.

The GOOD NEWS we sold 33% more homes in the 6 months period ending March 31st than we did compared to the previous year. (4,181 home sales compared to 3,151 sales a year ago).

What does this mean?

It's overall good news.  With less inventory the law of supply and demand will gradually drive prices higher.

Buyers:  Take advantage of this fantastic market before home prices begin to rise again.  Take advantage of the short sales and bank repos while they are still available and while interest rates are still low.  Check out the neighborhood before you buy.  See a Market Snapshot of the neighborhood.

Sellers:  We get homes SOLD.  Use our fun new widget.  What are homes selling for in your neighborhood? Click here to find out

Short Sales:  Have circumstances caused you to think about doing a short sale?  We are Short Sale Experts.  If you would like more information about doing a short sale, please give me call.  Avoid Foreclosure.  Our experience and knowledge can help you complete a successful Short Sale.  Call today for a free confidential consultation.