Building Slowing Down?

Colorado's market is so slow, new builds are holding on to more properties than they want to, builders are pulling out and trying to get rid of the homes. Is the Utah market going to follow suite? One builder in the Salt Lake Area only sold one home last month. That is quite a difference compared to the market last year where they were selling dozens of homes during a week. Bigger homes are having a more difficult time selling right now, but the medium size homes are still going somewhat quickly. Some new builds are getting a little antsy and selling lots or not building as many specs. If you are planning on building it is a good idea to see what incentives they have. The incentives are going to go up and you might be able get a few more "x-tra's" in your home. The Utah market is still going strong, not fast like last year, but still strong. There is a lot of properties on the market and a lot of buyers out there looking for their new home.