Inventory Going Going...Down..Vernal, Utah

About a year and a half ago the daily inventory for the Vernal, Utah Area, Uintah County, was between 50 to 60 residential properties a day.

Since then we slowly reached close to 350 properties each day.

I am glad to report that during the last month we have been getting closer to 250 per day.  Today we are at 285 with a fair number of those being "To Be Built".

We  still need homes in the lower ranges and the higher priced homes starting at about $250,000 are being taken up with builders lowering their prices and giving incentives.  With so much inventory in that price range builders are not bringing many new speculation homes into the market.

We have  foreclosures and short sales but the listings are not dominated by them as  in some areas of the country.  Other areas have the majority of distressed properties and a qualified buyer is a rare commodity.  Uintah County has workers moving in and a need for homes and rentals.  Our outlook is positive.