There are as of 1 October 2008, 77 active homes on the market with another 13 homes under contract for a total of 90. By calculating what percentage of the total the 13 homes under contract are you know if West Point is a buyers or a sellers market.
13 divided by 90 = 14%.
If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.
So West Point, 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
Comments(0)