November 2021 Kanab Real Estate Roundup
We saw a bit of an uptick in construction permits last month, particularly in the county east of town. And the city has issued a couple of townhome and duplex permits.
Overall, our real estate market remains tight with only 15 homes on the market at the end of November and 16 homes sold during the month of November, which means there is less than one month's inventory available, keeping us in a "sellers market".
But this doesn't mean that buyers are over-paying like they had previously. With the Federal Reserve pacing the rise of interest rates, the flurry to buy while rates are low has slowed down.
In an ever-changing market, it is vital to stay informed. I'm here to help, so let me know if you have any questions about the Kanab Real Estate market.
Love Realty Utah