Saturday, April 11, 2020 / by Elissa Tran
Housing Market & COVID-19 - April 2020
Now that we are almost a month into COVID-19 here in Utah lets take a look at what we are seeing in the market and how homes sales are being impacted.
Active
Under Contract
SOLD
- We have seen a spike with a level in sales to list %. Meaning homes are selling for higher than the listed price. This is continuous to what we were seeing last month, the homes that are selling are selling for 101% of asking price.
- We have seen a HUGE decrease in the number of days on the market from 35 in January, 27 in February, 13 in March and to just 8 days on market now in April.
- This is showing a decrease in the actual number of closings, limited access to view properties and changing job statuses for many seems to be the cause.
Feel free to give us a call with any questions you have or if you want to discuss what this looks like for you.
My UT Real Estate Group
Elissa Tran Associate Broker, Realtor® 801.915.2836 elissa@myUTrealestate.com |
Staci Powell Broker, Realtor® 801.913.2463 staci@myUTrealestate.com |
Melina Braithwaite Sales Partner, Realtor® 801.915.2836 melina@myUTrealestate.com |