Matt's Monday Market Update | November 7, 2022

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Monday Market Update | November 7, 2022

As we see another month pass, let’s look back at the statistics for the month of October. There were 2,534 homes sold in the state of Utah which is very low compared to the past 5 years in October. Typically, we see between 4,000 and 5,000 homes sell in October so that means we were 40%-50% lower than normal. Homes sat on the market for a median of 36 days with a median sale price of $490,000.00. We also saw homes sell at about 95% of their original list price which is decreased from the 98% that we saw in October’s past.

This is a very different market we are in today compared to the past 2 years or even the past 5 years when comparing the months of October. If you have the right team on your side, YOU CAN BEAT these statistics with use of appropriate programs, negotiation tactics, and proven strategies. We would love to help you beat the statistics! So if you or anyone you know is considering selling or buying a home here in Northern Utah, we would love to help you navigate through this crazy market!

Call or text: Matt 801-628-0306 or McKenzie 435-740-0847
Email us at matthewmiya@gmail.com or kenziemiya@gmail.com
Website: themiyas.com

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