Ausborne Blog

I’ve been watching the real estate market here in Utah, and I started thinking about the home I mentioned back on 4/26.  Well, I can’t say that I’m surprised to find that its listing expired and that it did not sell.  They even dropped the price by about $5,000.

I’ve been watching a bunch of homes over the past three months and I’ve found that very few of them have sold.   Of the five that have sold, two of them sold for more than $10,000 less than the final listing price, and those two homes’ final listing prices were at least $20,000 less than the first price at which I saw them listed.  These homes are selling for less than 90% of original list price.  I find this encouraging for me as we look for a home to purchase.