Eagle Mountain, Utah Real Estate, percentage of solds and price action to confirm market bottom

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Real Estate Agent

We still are having a low percent of new listings being SOLD.  Currently (1.80) % on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom.

Please see data below.                                                                                 

PRICE ACTION

price

 

Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.

 

 

 

 

 

 

 SUMMARY 

Currently we are not seeing the needed positive price action to confirm a market bottom. This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing.

For more details or just to chat about market conditions please feel free to contact me.

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Topic:
Real Estate Market Trends
Location:
Utah Utah County Eagle Mountain
Tags:
real estate
realty
resources
market conditions
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eagle mountain
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Rainmaker
591,182
Laura Giannotta
Your Realtor Down the Shore!
Keller Williams Realty - Atlantic Shore

Mark, it seems there are little signs of improvement everywhere!  That's welcome news.  Now if we can just convince the buyers and sellers to be realistic...!

Laura G  

December 02, 2008 06:58 AM
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Paul Henderson
I always put my clients first in any transaction!
RE/MAX Professionals.

Mark, I love my statistics in the morning. I like the way you lay out your data in the traditional

Spread-sheet format! This makes it easier to read. Keep those numbers coming...

December 05, 2008 07:39 AM
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Rainmaker
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Mark Watterson

Utah Real Estate
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