When talking to my clients over the past few months, the biggest objection I encounter, by far, is “I want to wait for the election to see what happens”. Honestly this happens every 4 year cycle, but this one was amplified by 10x.


Now that the election is over, what now? Well I think it’s safe to say that we as a country are already on a path to economic recovery. The stock markets are already on fire, and world leaders are congratulating President Trump and happy for his comeback. What can this mean for the Real Estate Market?

Here’s my take…


The market actually isn’t in shambles locally, far from it. We currently have a “balanced” market, meaning it’s neither a buyers market nor a sellers market. October 2024 median sale prices are up from the same time last year. Interest rates are still high though, and sadly President Trump won’t be able to wave a magic wand and lower them down to 2.5% overnight.

I think what we can expect is this… Come early spring in 2025, the economy will have positive momentum, and people will be ready to make a move. This will of drive more demand here in Southern Utah, which of course will deplete supply, and cause prices to go up. I don’t have a crystal ball to predict when interest rates will drop, but I 100% believe in my mind that home prices are currently at their lowest price we will see for quite some time.

So if you have been thinking about buying, now really is the time. With ample supply and lower demand, you have plenty of beautiful homes to choose from, without having to compete with other buyers in multiple offer situations. Homes are currently selling for about 96% of asking price. Come Spring of 2025, that most likely will not be the case.

Remember, as the old saying goes, “Marry the house, date the rate!”. Meaning find the house of your dreams now while they are available and affordable. Refinance if/when interest rates come down. You will save considerable money doing it this way, and get the house you want, not just the house you beat 20 other offers competing for and had to "settle" for.

Let's talk about how we can help you with your real estate needs. Email me back, or give us a call or text at 435-200-5008 and let's make a plan on how to maximize your goals. 

Kind Regards,
Lance Clifford