Market of the Moment - 2/19/2021

Real Estate Agent · Salt Lake City, UT · Member since 2016 · 214 posts · 154 votes

Market of the Moment 2/19 (a little late since I was in Zions on Friday): I checked actives in SL County under 600k, single family, today and there are now 110. So that means 11 homes went under contract over the weekend. The number of pendings is staggering in comparison to actives and solds. Will the vaccine rollout help increase inventory? What's your opinion?

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Will Fraser
Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
5y
What up @Alan Walker!!! I love seeing you here as much as I loved learning from you at SLREIA two years ago!
What are you seeing in the average days between pending and sold? Are contract timelines expanding right now in SLCounty or holding fast?
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Alan Walker
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Real Estate Agent · Salt Lake City, UT · Member since 2016 · 214 posts · 154 votes
5y
@Will Fraser, contract dates are still tight. Not uncommon to see a 2 week close. The majority are definitely happening at the standard 28-day point and under based on what I'm seeing. What's happening in OK?
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