It’s a Buyers Market in Logan Utah « UtahCornerstone.com Real Estate Video Blog

Here is a post from the Cornerstone Video Blog. Robert explains to us what a buyers market is, and tells us how the Logan Real Estate market is, while he drives.

A balanced real estate market is one in which the absorption rate is between five and seven months. This means, that at the current sales pace, it would take 5 – 7 months to sell off all of the existing homes if no other homes were listed.

A buyers market is one has more than seven months of active real estate inventory. In a buyers market, there is very little competition for homes for sale, and buyers have strong negotiating power and can usually get the sellers to give a little bit more. It is a huge buyers market for homes for sale over $200,000 in Cache Valley. Based on the last six months of home sales, there is an absorption rate of more than 17 months! For homes priced less than $200,000, the market is just slightly tipped on the buyers side, as there is an absorption rate of about seven and a half percent.

If you want to take advantage of this buyers market, view Logan Utah homes for sale now.

via It’s a Buyers Market in Logan Utah « UtahCornerstone.com Real Estate Video Blog.

One Response to “It’s a Buyers Market in Logan Utah « UtahCornerstone.com Real Estate Video Blog”

  1. Josh Mettle says:

    You are spot on Robert, this is an awesome buyers market. Here’s a link to my 2010 Real Estate and Mortgage Forecast, this is another great reason why buyers should NOT delay in taking advantage of this market:

    http://www.joshmettle.com/reports/13

    Keep up the great work!

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