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Why are We so Excited about Real Estate in 2015?

Why are We so Excited about Real Estate in 2015?

Thanks for joining us once again, as we continue to give you the most up-to-date information about real esate on the Wasatch Front. This time of year, all of our clients have been asking us what to expect in 2015 from a real estate perspective. So let’s take a look at what we believe is in store for the housing market in 2015.

First of all, we are starting out at a much stronger pace than we did at this time last year. With the government shutdown, a lot of the nation experienced a slow down in real estate last year. Overall, oursales volume is down about 4.5% on the Wasatch Front, however the median home price is up 3% which is a good thing.

What we are looking for in 2015 is simple: a stable supply of homes. Anywhere from a 4-6 month supply of homes is considered a balanced market , and that’s what we would like to see. We firmly believe inventory will stabilize in 2015 and we will see a moderate amount of housing appreciation.

Thanks again for taking a moment to check out our predictions for 2015. If you have any questions for us at all, don’t be shy. Give us a call or send us an email. We would be happy to help out!