Strategies for buying a home in a hot market

Northern Wasatch Association of Realtors Uncategorized

Shauna Ray, PresidentNorthern Wasatch Association of REALTORS®                 Real estate listings with more than 100 showings. Houses selling for thousands more than appraised value. Buyers competing with dozens of other buyers for the same home.                 It’s no surprise that these are the kinds of stories coming from Utah’s ultra-hot real estate market. After COVID-19 quarantines, people are re-evaluating their living arrangements and their priorities for where they want to live — trends that are exacerbating an already-existing housing shortage.                   At the end of August, there were approximately 8,200 active real estate listings in Utah. That’s a record low, according to Utah Association of Realtors records that date back to 2003. Meanwhile, in Davis, Morgan and Weber counties, …