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American Fork Real Estate Update

By
Real Estate Agent with Boomerang Leads

Would you belive that the real estate market in American Fork isn't very healthy? Like most of Utah County, there is a huge oversupply of homes for sale in American Fork.

While home sales are down, inventory continues to increase. There is also a huge gap between the average list price and the average sold price. In the first half of the year there were about 100 homes sold in AF. The median sold price of these homes was $207,950. In contrast the median price of the 266 active American Fork listings is nearly $270,000.

What's the solution? If you really need to sell your house now, drop the price. Your house must be more affordable than the competition otherwise it won't sell. If you don't really need to sell it consider a lease option, or take it off the market altogether. Until demand to purchase American Fork housing goes up prices will have to drop.

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