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[…] For example, July home sales dropped to 188 homes. That is 21% lower than July 2006 and lower than any July homes sold in the last 10 years? The Absorption rate on home inventory increased to 9.2 months. These two factors would normally lead to falling prices. Sellers would normally negotiate to sell their homes and listing prices would see some decline. […]
[…] So what does it all mean? Sellers are not yet reducing their prices in Bluffdale and Riverton. The number of homes sold each month is variable but is certainly trending down. We are already seeing price reductions in Herriman which would be expected with the extremely high absorption rate. […]
Real Estate Guide…
I couldn’t understand some parts of this article, but it sounds interesting…