Are you wondering why you are having a harder time than you thought finding the right home for you? Inventory of active homes available on the market plays a large role in you finding your perfect home. Just in Feb of 2010 there were 28,228 homes actively for sale in Utah the number has lowered to 26,492 in Feb 2011, and again dropped dramatically in Feb 2012 to 19,891.
How does this affect you as a buyer?
You may not only have a harder time finding what you like but may also be put in a situation when you do find 'the one' you may be in a multiple offer situation. Its always best to consult with a Real Estate professional to help assist you in these situations to negotiate in your best interest and get you in the home. This does not mean it will be next to impossible to get what you want but it does mean that when you do, it would be a good idea to act quickly before someone else does.
How does this affect you as a seller?
It has been a buyers market for a while now. The market is slowly changing to be slightly more benificial for the seller than in years past. Sellers are receiving much closer to list price and often even above list price offers if the home is priced correctly. Simply put now is the time to sell.