National Hottest Real Estate Markets

National Hottest Real Estate Markets

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a “slightly hot” market that is “cooling down.” Median days on market is 30.5 days, with inventory moving 6 percent faster than last year and 30.5 days faster than the U.S. overall. Properties in the area receive an average number of views 0.7 times lower than the U.S. average. Courtesy Source Salt Lake Board of Realtors

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

Where are Interest Rates Headed 2019

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

Where Are Interest Rates Going?

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

Days on Market April to June of 2018

Hot Sellers Market is Cooling of as Fall Approaches

 

Stats are for April, May, and June of 2018

Secong Quarter of 2018 (April-June)

An article in Realtor Magazine.

The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, where home prices have become unaffordable to the average buyer. More than one in four home sellers dropped their asking price last month, according to a new report by real estate brokerage Redfin. With inventory starting to inch up, sellers are facing stiffer competition in the market and adjusting their price expectations, according to the report.

Nearly 27 percent of homes that were listed in the four weeks ending Sept. 16 saw a price drop, according to the report. Redfin defines a price drop as a reduction in the home’s value between 1 percent and 50 percent. The areas seeing some of the biggest price drops year over year are Las Vegas; San Jose, Calif.; Seattle; Atlanta.

“After years of strong price growth and intense competition for homes, buyers are taking advantage of the market’s easing pressure by being selective about which homes to make an offer on and how high to bid,” says Redfin Senior Economist Taylor Marr. “But there are some early signs of a softening market, and the increase in price drops may be another indicator that sellers are going to have trouble getting the prices—and the bidding wars—that they may have just months ago. Instead, many are finding their homes are sitting on the market without much interest until they start reducing their prices.”

Courtesy of Realtor Magazine

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

What Are New Home Prices Doing in Utah

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

Four Reasons to Sell This Fall With Utah Realty

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

Real Estate Reality Show Myths

 

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting.

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors the average homebuyer tours 10 homes as a part of their search.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes being shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area but are only a PIECE of the overall marketing of your home. Keep in mind that many homes are sold during regular listing appointments as well. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives/goals.

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

What does Backup Offer Mean

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business days).

Active – The listing is available for sale or lease and no offers (with or without contingencies) have been accepted. A listing in the “Active” status must be available for showings within a reasonable period of time (which generally means within four business days) after the listing has been placed in the Active status. This is an on-market status, and Days on Market (“DOM”) will accumulate.

Active T/C – The listing is under contract with an accepted offer, but a “Time Clause” addendum is in place and the buyer and seller agree that the property is to remain on-market so that additional offers may be solicited. This is an on-market status and DOM will accumulate.

Backup – The seller has accepted an offer on the listing, but the seller requests that the property remain on-market to solicit additional, back-up offers. This is an on-market status and DOM will accumulate.

Under Contract – The listing is under contract with an accepted offer. This is an off-market status and DOM will not accumulate.

Off Market – The listing is temporarily not available for showings per the seller’s request. However, a valid listing agreement is in effect.

  • Note: When in the Off Market status, DOM will not accumulate, photos are not required, and the listing will not be visible on UtahRealEstate.com or any IDX or syndication websites.

Withdrawn – A valid listing agreement is in effect, however, the seller and listing broker have agreed to withdraw the listing from being marketed through the MLS.

Canceled – The listing agreement has been terminated prior to the expiration date specified in the listing agreement.

Expired – The termination date of the listing agreement has passed, and a valid listing agreement for this listing is no longer in effect.

Sold – The listing has sold and title to the property has transferred from the seller to the buyer.

Leased – The listing has been leased.

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

Mortgage Lending Video 2

Now that you’re ready, it’s time to get Pre-Approved. Let’s take a look at how that works!

Find the Right Lender for You!

Our Trusted Lenders

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

Have us Contact you!

2 + 9 =

Closing The Sale Video 5

Your offer got accepted, CONGRATULATIONS! But don’t start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days!

Our Title People are Real Super Heroes!

National Hottest Real Estate Markets

National Hottest Real Estate Markets

by | Sep 27, 2018 |

Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...

National Hottest Real Estate Markets

Days on Market April to June of 2018

by | Sep 24, 2018 |

Hot Sellers Market is Cooling of as Fall Approaches   Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...

National Hottest Real Estate Markets

Real Estate Reality Show Myths

by | Aug 21, 2018 |

https://bit.ly/2w14Wve   Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...

National Hottest Real Estate Markets

What does Backup Offer Mean

by | Aug 19, 2018 |

Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...

Mortgage Lending Video 2

by | Aug 18, 2018 |

Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders

Closing The Sale Video 5

by | Aug 18, 2018 |

Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!

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