The median home price for single family homes rebounded in February hitting the highest level since August 2013. The median sales price for a single family home stood at $249,900, up 6.34% from the same time last year. While sales prices did see a gain, the actual number of homes sold remained below last year’s number, with a total of 621 sales, a decline of 5.77%. Probably the most disturbing stat was that to do with Median Days on Market (how long it takes a home to sell), which has increase 70% over the last year, hitting the highest … (0 comments)
condos: Salt Lake Home Prices Up Sharply in 1st Quarter 2013
- 05/02/13 04:25 AM
The median home price for a Salt Lake County single family home rose 19.18% to $226,450 in the first quarter 2013. This strong rise in prices happened even though the number of homes sold was basically flat, managing only a 0.95% rise in the number of homes sold compared to the 1st quarter 2012. So why are prices going up so much if sales are flat, well it’s down to supply and demand. The reason that the number of sales are not increasing like we might expect is that there is simply not enough homes on the market. So while demand … (2 comments)
condos: Salt Lake Real Estate Market Update August 2012
- 09/19/12 11:27 AM
The medium home price for a Salt Lake County home climbed above $200,000 for the first time since October 2010. The new median home price of $205,000 was sharply up from the $186,884 seen in August 2011. Strong home sales saw a total of 1,337 homes sold, the largest number of sales for over five years, going all the way back to June 2007. Homes were also selling faster taking a median of just 39 days to sell. Median Home Price: $205,000 up 9.69% Home Sales: 1,337 up 19.59% Median Price Per Sq. Ft.: $93.18 up 13.33% Median Days on … (0 comments)
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