There are as of 1 October 2008, 283 active homes on the market with another 39 homes under contract for a total of 322. By calculating what percentage of the total the 39 homes under contract are you know if Syracuse is a buyers or a sellers market.
39 divided by 322 = 12%.
If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.
So Syracuse, UT is currently experiencing a buyer's market.
To find out more about market conditions in Utah just give me a call at 801-540-3825.
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