These graphs illustrate what those of us who are buying or selling homes already know…
Each month saw more closed Park City realty sales than the same month the year before.
Inventory is at historic lows.
Which leads us to….
- Multiple offer situations
- Prices creeping higher
- Lowball offers or weird contingencies are not going to work
- Buyers must be pre-approved and ready to close
- Cash is still king
You can downsize or move up and feel confident your current home will sell, BUT, overpriced homes and those in poor condition are still not selling
Thanks to Kyle Jenkins for the photo and Rick Klein, Wells Fargo Private Mortgage, for the graphs.