south salt lake city: South Salt Lake City, Utah Real Estate, Is the Market bottom confirmed??? YES, NO, MAYBE - 12/18/08 11:11 PM
We still are having a low percent of new listings being SOLD.  Currently (28.33)% on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom.
Please see data below.                                                                                 

Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.
Currently we are not seeing the needed positive price action to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are … (0 comments)

Mark Watterson, Utah Real Estate Rainmaker large

Mark Watterson

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Salt Lake City, UT

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