The market in Salt Lake City and the surrounding areas continues to be, well, awesome for Sellers and not so awesome for Buyers. We still have too many Buyers and too few properties for sale. However, I am beginning to see the signs of  our market adjusting. Rising interest rates are part of that. I am also seeing more pre-foreclosure properties (short sales) popping up on the market for sale. One other new trend is price reductions beginning to occur. Nearly 1/3 of all actively marketed properties across the valley have taken a price reduction. If you are considering selling now is the time for you to do it. Few things are worse than missing the sweet spot and getting less than top dollar for your property.

Call me today to see what your property is worth.

Tracie Peay

Urban Utah Homes and Estates