Tips for buying in a hot housing market

Northern Wasatch Association of Realtors HomeFinder

As the housing market heats up, record-low inventories are bringing new challenges to this year’s crop of spring homebuyers. With few properties available and lots of competition, would-be purchasers need to prepare ahead of time to make sure they can snag their favorite property — without overpaying for it. This seller’s market is the result of strong housing demand and low supply levels. At the end of January, Utah had the fewest number of homes for sale on records dating back to 2003. This extended to Northern Utah where competition for homes was among the highest in the state. In fact, based on the ratio of sales to available properties, Davis County is currently the hottest market in the state …

Record home sales in 2015; continued growth expected in 2016

Northern Wasatch Association of Realtors HomeFinder

Even though it’s cold outside, that hasn’t stopped the momentum of Utah’s red-hot housing market. In fact, last year’s performance marked some of the highest sales in state history — a fact made even better by the prediction that demand won’t be slowing down for 2016. While real estate throughout Utah performed well, areas in Northern Utah were among the top markets. In Weber County, Realtors sold nearly 4,400 homes in 2015, just shy of the record set during the boom year of 2006. In Davis County, Realtors beat the 2006 record by selling more than 5,100 properties. This is the most homes ever sold annually in the county, according to UtahRealEstate.com records dating back to 1995. Statewide, Realtors sold …