Clinton, UT Market Update – December 2024 The real estate market in Clinton, UT, ended 2024 on a dynamic note, reflecting notable trends and changes compared to the previous year and the broader Utah market. Here's an easy-to-understand overview of the key statistics and insights for Clinton, along with comparisons to statewide trends. Key Highlights for Clinton: New Listings:Clinton saw a 40% drop in new listings year-over-year in December, with only 9 properties listed compared to 15 in December 2023. Year-to-date, new listings in Clinton fell by 4.7%, totaling 287 compared to 301 the previous year. This reflects a tightening inventory that is consistent with trends observed across Utah. Median Sales Price:Clinton experienced a 15% increase in the median sales price for December, reaching $522,500 compared to $454,500 in December 2023. The year-to-date median sales price also increased slightly, up 0.8% to $481,250, which aligns with Utah's steady upward trajectory in property values. Closed Sales:Closed sales in Clinton rose by 14.3% year-over-year in December, with 16 homes sold compared to 14 in December 2023. Year-to-date, closed sales climbed 4.3% to 244, reflecting steady buyer demand. Days on Market (DOM):Homes in Clinton sold more quickly in December 2024, with the average DOM dropping to 39 days, a 26.4% improvement from 53 days the previous December. Year-to-date, the average DOM fell by 8.3%, indicating an increasingly competitive market. Inventory and Months of Supply:Clinton's inventory of active listings decreased by 4.7% year-over-year in December, while the months of supply stood at 2.75, indicating a balanced yet slightly seller-favored market. Statewide, months of supply also trended lower, reflecting tight inventory across Utah. Comparison to the Utah Market: Statewide New Listings: Utah saw broader fluctuations in inventory, with a 6.4% decline in active listings in November and a slight 7% rise in new listings month-over-month. Statewide Median Sales Price: While Clinton's December median price increased by 15%, the statewide averages showed more modest growth, highlighting Clinton's unique appeal as a rapidly appreciating market. Days on Market: Utah's average DOM for December was 61, significantly higher than Clinton's 39, showcasing Clinton's competitive advantage in attracting buyers. Market Outlook: Clinton's real estate market continues to show strong buyer interest, as reflected in rising prices and quicker sales. The tight inventory combined with increasing demand suggests that sellers are in a favorable position, while buyers will need to act swiftly and competitively. Compared to the broader Utah market, Clinton stands out with its faster sales cycle and notable price growth, making it an attractive choice for both investors and homeowners. If you're considering buying or selling in Clinton, now is a great time to strategize. Reach out today to explore opportunities tailored to your goals!   Click Here to View Active Listings in Clinton, UT Supply vs Demand Summary Active Listings (Supply)     Sold Listings (Demand) Supply vs Demand   Supply vs Demand - Monthly Breakdown     Glossary Category Terms Report Section Active Listings (Supply)  The Active Listings chart shows the historical trend of how many  listings were active each month. The Seasonally Adjusted Current Supply Index is a gauge that shows as of the end of last month, if there was more or less inventory available than the historical  average. This can help show if the buyers or the sellers have more strength in a given market. Sold Listings (Demand) The Sold Listings chart shows the historical trend of how many listings were sold each month. The Seasonally Adjusted Current Demand Index is a gauge that shows as of the end of last month, if there was more or less Sales than the seasonal historical  average. This can help show if the buyers or the sellers have more strength in a given market. Supply vs Demand The Months of Supply/Absorption rate chart shows the inverse relationship of how many sales happened each month compared to how many active listings existed for that month. The Seasonally Adjusted Supply vs Demand Relative Strength looks at the supply vs demand and compares it to historical values for the same season. How far off of center that number falls can help show if the buyers or the sellers have more strength in a given market.   Supply vs Demand - Monthly Breakdown This detail grid shows the numbers that are resented in the charts and gauges included in the reports for the last 12-month period. General Months of supply (aka MOS) The number of active listings compared to the number of sold listings for the same period of time. Seasonally adjusted The value is compared only to the average value for the same month in prior years. Calculation Demand Index How strong the amount of demand is compared to seasonally adjusted historic norms. A value of 50% means the number is in line with the historic norm, whereas a higher or lower value is comparatively more or less demand respectively. Mos of Supply Index The supply index measured against the demand index and compared to historic norms. This is an indicator of a buyers or sellers market. A value of 50% means the number is in line with the historic norm, whereas a higher or lower value is comparatively buyers market or sellers market respectively. Relative Strength How strong a value is compared to the same month of prior years Supply Index How strong the amount of supply is compared to seasonally adjusted historic norms. A value of 50% means the number is in line with the historic norm, whereas a higher or lower value is comparatively more or less supply respectively.        

  Are You Thinking of Moving Next Year? Starting Now Could Be Your Smartest Move! Whether you’re planning to upgrade, downsize, or relocate, setting the wheels in motion now can make all the difference. Here’s why a head start is your best strategy for a smooth, successful move: 1. Get Your Finances in Shape Check Your Credit: Pull your credit report and resolve any discrepancies. A strong credit score improves your loan options. Build Savings: Begin saving for your down payment, closing costs, and moving expenses. Get Pre-Approved Early: A pre-approval shows sellers you're serious and gives you a clear idea of what you can afford. 2. Declutter and Pre-Pack Start Small: Tackle one room or area at a time to avoid feeling overwhelmed. Sell or Donate Unused Items: Lighten your load and make some extra cash while helping others. Pre-Pack Seasonal or Rarely Used Items: Having fewer things to organize later makes the process easier when it's time to stage your home. 3. Beat the Spring Rush Why Wait? Many buyers wait for spring, creating more competition. Starting now means fewer buyers and sellers in the market, giving you an edge. Focused Attention: Off-season buyers are typically more serious, and homes on the market face less competition. 4. Create Your Game Plan Explore Neighborhoods: Visit areas that fit your lifestyle and budget. Consider schools, commute times, and amenities. Set Your Priorities: Know your must-haves and deal-breakers for your next home. Partner with an Expert: An experienced real estate agent will guide you through every step, from prepping your home to negotiating the best deal. 5. Maximize Your Sale Price Upgrade Strategically: Small updates like fresh paint, modern fixtures, and curb appeal improvements can yield big returns. Professional Advice: Your agent can recommend cost-effective upgrades that attract buyers without breaking the bank. 6. Plan for Strategic Timing Know the Market: Work with your agent to time your sale and purchase to align with favorable market conditions. Avoid Last-Minute Stress: Planning ahead means fewer surprises and a smoother transition to your next home. Let’s Start Preparing Today! Thinking of moving next year? Let's set up a personalized plan tailored to your timeline and goals. Together, we can ensure you're ready to seize the best opportunities in the market. Reach out today to get started!