The Iron County real estate market is in fantastic shape at the moment and the best thing about it is that it equally benefits buyers and sellers!
Real estate market conditions are usually described as being in favor of either the buyer or the seller. But at the moment everybody stands to gain!
For some time now, mortgage rates have been at or very close to unprecedented lows since modern records began. This has of course been incredibly motivational for buyers, who recognize that right now is arguably an unrivaled opportunity to get on the home ownership ladder or upgrade and to be able to buy a better specification of property than would have been possible just a few months ago.
This means that demand is exceptionally high which also puts sellers in a very advantageous position and we are beginning to see more homes coming onto the market in recognition of this.
Inventory of available homes is still struggling to keep up with buyer demand, however, so asking prices remain very robust and there is the definite possibility of attracting multiple competing offers at this time.
And as we head into September, there are no signs of a let up and the fall market looks extremely promising, especially when one considers that we've had a shortened high season this year, due to earlier restrictions, so the peak selling period could extend much further into the coming months than is normal.
It really is a win-win for everyone, so why not contact us today and discuss the best strategy in your own situation.
