#16 February 5, 2023

Castle Country Real Estate Podcast

This is the show where I give you this week snapshot of the real estate market here in price and Emery counties in Utah!

Number of homes on the market between carbon in Emery county: 60

The number of homes that sold in the last seven days: 5

General market information:

- What do these numbers tell us? It’s still a SELLER’S MARKET by definition

- Buyers are starting to re-activate themselves as they warm up to interest rates

- Sellers need to re-calibrate their expectations to 60-90-120 days like a NORMAL MARKET in order to get their house sold.

- REMEMBER - prices this year will most likely stay flat or go down a little from 2022. So although IT IS a seller’s market by definition

— it’s important to price your home correctly at the beginning in order to sell in a reasonable amount of time.

Thanks for checking in this week, my name is Josh Madsen and I’m a realtor here in price Utah. If you have any market questions feel free to reach out directly to me at 801-388-4047 or you can email me at Josh @madsen.team