Kearns and West Valley City have very similar statistics. They are the 2 hottest real estate markets in Salt Lake County.

Kearns home values have increased 13.2% since the end of the year. May 2007 average home values are 27.4% higher than May 2006. Monthly increases continue and are likely to continue at least through the remainder of the year.

There is some indication of change in the Kearns market. Pricing usually follows volume. And as the chart shows the number of homes sold monthly is declining. May 2007 had almost 24% fewer sales than May 2006. The absorption rate still shows a sellers market at 4.1 months. But, the absorption rate increased 42% in May from a low 2.9 in April. The trend appears to be away from a sellers market and towards a balanced or neutral market. I believe it will stay in the 4.0 range during the summer months at least.

Compare Kearns absorption rate to the rest of Salt Lake County and you'll see how strong the Kearns market is.