For the last few years it has been much easier to buy a home than to sell a home. This “buyers market” has made it difficult to sell homes and has kept the sales price lower. Lower sales prices mean less appreciation and less equity. Utah is well behind the national average for appreciation, and is one of the leading states in foreclosure, another symptom of a slow housing market. Things, however, are looking up for you if you want to sell your home.

Right now more homes are being sold and the homes are on the market less time. That explains why there are fewer homes available for sale right now. Sellers are asking more money for the homes that are on the market and they are apparently getting it because the average sales price is between 10% and 12 % higher this year than last year. Compare that to the 5% increase last year and even less than that the previous year.

The housing market does seem to be leaning back towards a sellers market again.