There are as of 1 October 2008, 65 active homes on the market with another 24 homes under contract for a total of 89. By calculating what percentage of the total the 24 homes under contract are you know if Centerville is a buyers or a sellers market.
24 divided by 89 = 35%.
If the % is under 25 percent then it is a buyers market. If it's over 25% then it's a sellers market.
So Centerville, UT is currently experiencing a seller's market.
To find out more about market conditions in Utah just give me a call at 801-540-3825.
