O.K. another month is gone...How is the market looking? According to the stats provided by the WFRMLS there was a total of 40 single family homes and 1 condo sold in Tooele County in October... The average sales price of single family homes was $196,245...These numbers are down just a bit from September '08...
So what does this all mean for you? It means it is a great time to buy. Inventory is high (577 homes for sale in Tooele County)...rates are low...(mid 6% according to the amazing Jason Parman...) and there are still a bunch of great loans out there with low to no money down.
Right now you can get a great home for a very reasonable price. Sellers are anxiously awaiting offers and many are ready to negotiate. In October alone there were 121 new homes listed in Tooele County. If you are thinking of buying or selling give me a call...I can't wait to hear from you.
Saturday, November 1, 2008
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