HomebuyerEducation

Common Questions Homebuyers Ask:

2017: Is it a Buyer's or Seller's Market?

Don Worthington: Guys, it’s springtime here in Utah! Is it a buyer’s market, or is it a seller’s market? The answer to that question depends on the value or the purchase price that you’re looking at. If you are looking at a home underneath $400,000, it is a seller’s market. This means there are a lot of buyers interested in those few homes that are for sale. For the homes above $450,000, it is a buyer’s market. This means there are fewer buyers and more sellers. In this situation, you are able to get a better deal on those second, and move up homes. So in Utah right now, it is a seller’s market for those homes under $450,000, and it is a buyer’s market for the homes above $450,000.

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