Today is the first official day of summer, and we're also at about the halfway mark in 2017. It's therefore an ideal moment to reflect on what we've seen in the Iron County real estate market in recent months and look where we're headed.
We've seen homes selling very quickly and exceptional levels of sales. While the low inventory of available homes we've been witnessing for some time now isn't the best news for buyers, it hasn't dampened enthusiasm to purchase. We've consequently seen great returns for sellers, who have also enjoyed reduced competition in the market.
Mortgage rates are still incredibly low and we're now more or less back to the position we were in before the rate rises we saw after the election last November. This clearly helps to keep buyer sentiment at sky high levels, as we all know that such low rates aren't permanently sustainable and there's a bunch of sense in locking in a low rate.
So it's still a great opportunity for buyers and arguably the best seller's market conditions we've ever seen.
And now summer's here we're at peak selling season, so there's an even more compelling incentive to list your property right now, especially if you've been delaying the decision.
Why not contact us today for an informal chat about making the most of this great situation while the sun shines!
