salt lake homes: Salt Lake Market Softens Slightly in November 2013
- 12/05/13 08:05 AM
The Salt Lake County real estate market softened slightly in November 2013. The number of homes sold declined year on year, with 716 single family homes sold, down from 903 in Nov. 2012. Even with the decline in home sales the median home price climbed to $245,000, an 11.36% increase and the median price per square foot increased to $103.51 up 11.24%. One of the most telling indicators is the time taken to sell a home which increased to 38%, meaning that it takes over 30% longer to sell a home than the same time last year.
Single Family Homes … (0 comments)
salt lake homes: Salt Lake County Market Updated for September 2012
- 10/08/12 03:55 AM
Salt Lake County Market Updated for September 2012 Another good month for the Salt Lake County real estate market saw home sales and prices on the increase. A total of 1,016 homes were sold in September (includes all types of homes), up from 997 a year earlier. Home prices were also up, with the median home price increasing from $185,000 to $195,000. Homes were also selling fast, with a CDOM of 34 days, considerably faster than the 74 days seen in September 2011. Total Sales 1,016 Median Sales Price $195,000 Median Sq. Ft. 2,089 Median Price Per Sq. Ft. … (0 comments)
salt lake homes: Have Salt Lake County Home Prices Bottomed?
- 08/15/11 12:23 PM
Looking at the Salt Lake home price data for the second quarter 2011, there are some signs that home prices seem to have stabilized. While year on year prices are down 5%, if we just look at the last two quarters we can see that home prices in the Salt Lake Valley actually saw a modest increase of 1.55% (I can’t remember the last time that happened). This increase reflects the stronger home sales data we have been seeing at the monthly level (see Home Sales Data for April 2011).
This strengthening of the housing market appears to be … (0 comments)
The Salt Lake County real estate market softened slightly in November 2013. The number of homes sold declined year on year, with 716 single family homes sold, down from 903 in Nov. 2012. Even with the decline in home sales the median home price climbed to $245,000, an 11.36% increase and the median price per square foot increased to $103.51 up 11.24%. One of the most telling indicators is the time taken to sell a home which increased to 38%, meaning that it takes over 30% longer to sell a home than the same time last year.
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